Trending
Prev Story
Next Story

North Korea denies being behind $6.3bn Binance crypto hack

BBC News •
November 03, 2026 • 12:56 AM
1
1 reads 0 reactions

US government agencies and cyber analysts have blamed Pyongyang for the record-breaking heist.

1 / 2
Swipe Photos

North Korea has denied claims that it was behind the record $6.3bn (£4.7bn) hack of cryptocurrency exchange Binance , calling the allegations an "absurd rhetoric".

Kim Yo-jong, one of the Democratic People's Republic of Korea's top officials and the sister of leader Kim Jong Un , said in a statement on Tuesday that the accusations are another "sinister attempt" by the US to damage the country's public image.

The US Federal Bureau of Investigation (FBI), the Secret Service and cyber analysts have said North Korea orchestrated the hack - describing it as the largest in history.

Pyongyang has also been blamed for a number of major cyber attacks - accusations that it has consistently denied.

Blockchain analysts and the FBI have said the attack was led by state-backed hacking group TraderTraitor.

The unit is also known as the Lazarus Group, which was blamed for a then-record $1.5bn hack of crypto exchange Bybit in 2025 .

The FBI has called on industry partners to help block transactions involving cryptocurrency accounts linked to the group.

"The US has made a trite provocation of linking it with the Democratic People's Republic of Korea again," Kim Yo-jong, the director of North Korea's General Affairs Department, said.

"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," she said.

The BBC has contacted Binance for comment. Since the hack, the crypto giant has largely focused its public statements on the technical nature of the breach and its response to protect users.

Prev Swipe Story Next

Same Story from Other Publications

Compare how 4 other independent news outlets reported on this story.

4 Publications
NPR News
3d ago
'Like gods reigning over humans': Many defectors see daughter of North Korea's Kim as heir apparent

'Like gods reigning over humans': Many defectors see daughter of North Korea's Kim as heir apparent

Little is known about her except that she's reportedly about 13 and named Kim Ju Ae, but Korea's spy agency says she's likely her father's heir.

#north-korea #kim #korea
Compare →
CNBC World
1d ago
Coinbase CEO Brian Armstrong talks Binance hack, Democrats' sweep

Coinbase CEO Brian Armstrong talks Binance hack, Democrats' sweep

Brian Armstrong joins Squawk Box in his first TV interview since the Binance hack to talk about the crypto market, cybersecurity and future of agentic finance.

#binance #hack
Compare →
TechCrunch
6d ago
Binance CFO is leaving to 'pursue a new venture' after $6.3 billion hack | TechCrunch

Binance CFO is leaving to 'pursue a new venture' after $6.3 billion hack | TechCrunch

The announcement comes barely more than a week after hackers stole $6.3 billion worth of cryptocurrency from Binance users.

#binance #hack
Compare →
CNN International
5d ago
North Korea opens BBQ restaurants | CNN

North Korea opens BBQ restaurants | CNN

North Korean state media announced the opening of more than a dozen state-run Bulgogi barbeque restaurants with beef, pork and even ostrich on the menu. CNN’s Will Ripley reports on whether it is a sign of prosperity or just propaganda.

#north-korea #korea
Compare →

Related Stories

Business & Economy
Build #2611