From Business Insider · Shubhangi Goel · · 1m 10s
North Korea denies $6.3 billion Binance hack
Kim Yo-jong calls FBI allegations a political provocation and suggests the US may have received the stolen cryptocurrency.
In brief
Kim Yo-jong calls FBI allegations a political provocation and suggests the US may have received the stolen cryptocurrency. North Korea denied involvement in a six point three billion dollar theft from Binance, calling FBI allegations a political attack designed to damage its reputation. Originally reported by Business…
Binance loses $6.3 billion
On October 29, Binance discovered unauthorized withdrawals worth about six point three billion dollars. The company said a compromised laptop used by a DevOps engineer may have been involved, though it later identified additional points…
FBI blames North Korea
On October 31, the FBI said North Korea was responsible for the theft and identified the operation as TraderTraitor, a name it has previously used for North Korea-linked crypto thefts.
North Korea denies involvement
In a Tuesday statement, Kim Yo-jong, sister of North Korean leader Kim Jong Un, called the FBI's allegation a grave political provocation and said the US misleads international opinion about cybercrime.
“It is a grave political provocation against the DPRK that the US misleads the international public opinion as if all the cyber crimes in different parts of the world are our deeds.”
Kim suggests US received funds
Kim Yo-jong said the Trump administration announced plans to confiscate illicit cryptocurrency and use it as a strategic reserve, suggesting who ultimately received the stolen cryptocurrency could reveal who was behind the hack.
The main idea
North Korea denied involvement in a six point three billion dollar theft from Binance, calling FBI allegations a political attack designed to damage its reputation.
