Global Edition
Global Edition
UK Edition
EU Edition
US Edition

Understand the story, not the spin.

Markets

North Korea denies FBI claim over $6 billion Binance theft

Published 3 November 2026

North Korea denied responsibility for the October 29 theft of more than $6 billion in cryptocurrency from Binance, after the FBI attributed the attack to North Korean state-sponsored hackers known as TraderTraitor. Kim Yo Jong, the sister of North Korean leader Kim Jong Un, called the U.S. attribution a political provocation and said it was intended to damage her country’s reputation. The FBI’s October 31 advisory said the theft was carried out by TraderTraitor. Kim’s response, carried by North Korea’s state news agency, rejected the agency’s finding and accused Washington of linking North Korea to cybercrimes around the world. She also suggested that examining who would receive recovered cryptocurrency might offer a clue about responsibility, but provided no evidence that the United States was involved. The competing claims leave responsibility disputed. The FBI publicly identified North Korean state-sponsored actors, while Kim denied her country’s involvement. Blockchain tracing has documented movements of the stolen assets, but does not by itself establish who controlled the wallets. The reports do not provide the underlying forensic evidence needed to independently assess...

Now playing
0:00 / 0:00