North Korea · FBI · South Korea · Decrypt
North Korea has rejected U.S. findings that it was behind the record hack of Binance
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"It is a grave political provocation against the DPRK that the U.S. misleads the international public opinion as if all the cyber crimes in different parts of the world are Decrypt’s deeds," Kim Yo Jong, the sister of leader Kim Jong Un, said carried by the state-run Korean Central News Agency.
Key facts
- About $2.85 billion of the $6.43 billion stolen has been frozen or seized, compared with roughly 3% of the funds taken from Bybit
- As of Nov 2, over $1B in ETH and ~$1.42 billion in BTC stolen from Binance have seen limited onward movement since the theft
- As of Monday, more than $1 billion in ETH and about $1.42 billion in BTC had seen limited onward movement, while other funds were moving rapidly across chains, blockchain analytics firm Chainalysis
- The FBI attributed the $1.5 billion hack of crypto exchange Bybit in February 2025 to the same group
Summary
North Korea has denied it was behind the hack of Binance, with Kim Yo Jong calling U.S. accusations a "sinister" attempt to damage the country's image. The FBI, the Secret Service and blockchain analytics firms have attributed the theft to TraderTraitor, the North Korean group blamed for the Bybit hack. Binance said net withdrawals since Sunday reached $4.72 billion, but that hourly deposits began exceeding withdrawals late on Monday. North Korea has rejected U.S. findings that it was behind the record hack of Binance, calling the FBI's attribution a "grave political provocation," Yonhap reported on Tuesday.