North Korea rejects US allegation over Binance crypto heist

North Korea has rejected US allegations that it was responsible for a $6.3 billion cryptocurrency heist on the Binance platform. The FBI has accused North Korea of the theft, which has sent shockwaves through the industry. North Korean leader Kim Yo Jong dismissed the allegations as "absurd rhetoric" and said they proved US hostility towards Pyongyang.

Binance, the world's largest cryptocurrency exchange, had already seen $4.72 billion in client withdrawals as of Monday after the hack. The exchange has launched a campaign to reduce outflows and attract new users. Analysts say North Korean hackers are among the world's most prolific crypto thieves, and the proceeds likely help fund the country's weapons programs.