North Korea rejects US accusation over $6.3bn Binance hack

North Korea has rejected claims that it masterminded a massive $6.3 billion cryptocurrency heist from Binance, describing the allegations as a "grave political provocation" from the United States, according to reports. Kim Yo Jong, sister of North Korean leader Kim Jong Un, stated that the accusation aimed to portray her nation as responsible for global cybercrimes.

The denial came after the US Federal Bureau of Investigation (FBI) attributed the October 29 attack to a North Korean state-backed hacking operation called TraderTraitor. Kim described the US assertion as "absurd rhetoric" and accused Washington of misleading international public opinion about cybercrimes' origins. The Binance incident remains the largest cryptocurrency theft on record, with blockchain intelligence firm TRM estimating that around $6.36 billion was stolen across 10 blockchains within 20 minutes.

North Korea has repeatedly denied involvement in cyberattacks, but cryptocurrency theft has become a crucial source of foreign currency for the country, which faces extensive international sanctions.