# North Korea denies $6.3bn Binance crypto hack

> Pyongyang calls US accusations of orchestrating the record cryptocurrency theft absurd, but investigators say a state-backed hacking group led the attack.
- Title: North Korea denies $6.3bn Binance crypto hack · BBC News
- Summary: Pyongyang calls US accusations of orchestrating the record cryptocurrency theft absurd, but investigators say a state-backed hacking group led the attack…
- Keywords: north korea, binance, cryptocurrency hack, lazarus group, tradertraitor, cyber crime, fbi, kim yo jong, news, world, North, Korea
- Source: BBC News — https://bbc.co.uk/news/articles/c6rey4v53exgo
- Published: 2026-11-03T00:56:43.134+00:00
- Read time: 1 min
- Topics: north korea, binance, cryptocurrency hack, lazarus group, tradertraitor, cyber crime, fbi, kim yo jong, news, world
## Record hack hits Binance
Cryptocurrency exchange Binance suffered a six point three billion dollar hack, described as the largest in history. The FBI, Secret Service and cyber analysts say North Korea orchestrated the attack.
## North Korea calls it absurd
Kim Yo Jong, sister of leader Kim Jong Un and director of North Korea's General Affairs Department, denied the accusations on Tuesday, calling them absurd rhetoric and a sinister attempt to damage Pyongyang's image.

> 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.
## State-backed group blamed
Blockchain analysts and the FBI said the attack was led by state-backed hacking group TraderTraitor, also known as Lazarus Group.The same unit was blamed for a one point five billion dollar Bybit hack in 2025.
## North Korea's cyber operations
Research groups including the S Rajaratnam School of International Studies say Pyongyang has systematically built cyber operations by recruiting promising students from universities and sending them to hacker units overseen by its intelligence agency.
## Binance reports withdrawals
A net four point seven two billion dollars has been withdrawn from Binance since trading resumed on Sunday.The company said an engineer's laptop was compromised, enabling unauthorised withdrawals.
## Withdrawals stabilising
Binance said withdrawal levels are stabilising to normal activity. The net outflow represents a relatively limited portion of the exchange's total assets, which stand at approximately one hundred fifty-seven billion dollars.
## Key takeaway

North Korea denied involvement in a record six point three billion dollar Binance hack after US authorities blamed a state-backed hacking group for the theft.