North Korea says US allegations linking it to Binance heist are ‘absurd rhetoric’
SEOUL, Nov 3 (Reuters) - North Korea on Tuesday dismissed as "absurd rhetoric" US allegations that it was behind a $6 billion cryptocurrency heist on the Binance platform, saying they proved Washington remained hostile towards it, state news agency KCNA said.
North Korea has dismissed US allegations that it was behind a $6 billion cryptocurrency heist on Binance as "absurd rhetoric", state news agency KCNA reported. Kim Yo Jong, the sister of leader Kim Jong Un, stated that these allegations proved Washington remained hostile towards North Korea. The FBI attributed the theft to a North Korean state-sponsored unit called TraderTraitor, who converted the stolen assets to Ethereum and laundered them further.
Despite the FBI's claims, North Korea denies involvement in the heist and other cybercrimes. Analysts in Seoul believe Pyongyang's swift response may be due to concern that the allegation could lead to tighter efforts to disrupt North Korea's revenue streams from crypto theft, which is one of its primary sources of funding for weapons development.
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Also reported by 3 other outlets
- North Korea says US allegations linking it to Binance heist are ‘absurd rhetoric’, KCNA says businesstimes.com.sg
- North Korea's crypto heists threaten global security koreatimes.co.kr
- North Korea’s latest provocations look familiar, but the dynamics have changed: Analysts channelnewsasia.com
