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North Korea rejects US allegation over Binance crypto heist

SEOUL/SINGAPORE: North Korea has dismissed as “absurd rhetoric” US allegations that it was behind a $6.3 billion cryptocurrency heist on the Binance platform, as the world’s biggest cryptocurrency exchange made more assets available for withdrawals by worried clients. Binance, whose customers had withdrawn a net $4.72 billion as of Monday after the exchange was hit with what could be the…

North Korea rejects US allegation over Binance crypto heist

North Korea has called US allegations that it was behind a $6.3 billion cryptocurrency heist on Binance platform as "absurd rhetoric", state news agency KCNA reported. This comes after more than $4.7 billion was withdrawn from the exchange by its customers. Binance has also launched a campaign to prevent further assets from leaving the platform.

The FBI has accused North Korea of the theft, which has reportedly been the largest-ever financial heist. Kim Yo Jong, North Korea's sister of leader Kim Jong Un, said the allegations prove US hostility towards Pyongyang. North Korea denies the allegation and says it would "reconsider" unspecified issues in light of the US hostile attitude.

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