North Korea denies involvement in the Binance theft, dismissing U.S. allegations as "absurd".
2 hours ago
According to the Korean Central News Agency (KCNA), North Korea has described the U.S. accusation that it is to blame for the theft at Binance, the world’s largest cryptocurrency exchange, as "absurd remarks", adding that this is not the first such claim. The Federal Bureau of Investigation (FBI) has attempted to label North Korea a "state sponsor of cybercrime" on the grounds that a hacking group allegedly "supported" by North Korea was involved in the incident, which North Korea calls a serious political provocation that misleads international public opinion and another grave violation of its sovereignty. North Korea noted that the FBI had previously identified the North Korea-linked hacking group TraderTraitor as responsible for the theft of over $6 billion in assets from Binance. The current U.S. administration has announced it will seize illegally obtained crypto assets for national strategic reserves, stating that a closer look at who would receive the so-called recovered stolen crypto could yield clues to the mastermind behind the hacking incident.
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