DPRK Denies Involvement in Record $6.3 Billion Binance Hack Claim

Pyongyang rejects US allegations as Binance restores withdrawals and works to recover stolen assets
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Image for illustrative purposes.[Mike Bravo / Unsplash]
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The Democratic People's Republic of Korea (DPRK) has denied US allegations that state-backed hackers orchestrated a record $6.3 billion cryptocurrency theft from Binance, with senior official Kim Yo Jong accusing Washington of politically motivated claims aimed at damaging Pyongyang's reputation.

The denial comes as the cryptocurrency exchange gradually restores services following what investigators have described as the largest cryptocurrency exchange hack in history.

Pyongyang Rejects US Accusations

Kim Yo Jong, sister of Supreme leader Kim Jong Un, dismissed the allegations on Tuesday, describing them as a political provocation against the Democratic People's Republic of Korea.

The FBI, US Secret Service and blockchain analysts have attributed the attack to TraderTraitor, a hacking group also known as Lazarus, which investigators associate with the DPRK.

The FBI has urged cryptocurrency industry partners to block transactions involving accounts linked to the group.

Blockchain intelligence firm TRM Labs reportedly found that the attackers transferred most of the stolen funds within 20 minutes.

The allegations follow previous accusations against DPRK cyber operations, including the $1.5 billion Bybit breach in 2025.

Pyongyang has consistently rejected accusations of involvement in international cybercrime.

Kim also indicated that North Korea had issues to reconsider because of Washington's hostility, amid continued uncertainty surrounding US overtures to revive diplomatic talks.

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FBI Blames North Korea for $6 Billion Binance Crypto Theft

Binance Restores Withdrawal Services

Binance has meanwhile continued restoring cryptocurrency withdrawals across multiple blockchain networks following the attack.

The exchange announced that additional withdrawals would resume Tuesday across Binance Smart Chain, Ethereum, Solana, XRP and Sui, alongside selected tokens on other networks.

The company previously said preliminary investigations indicated that an engineer's compromised laptop enabled unauthorised withdrawals.

A Binance spokesperson reported net withdrawals of $4.72 billion since transactions resumed Sunday, describing the outflow as relatively limited compared with the exchange's approximately $157 billion in assets.

The company said withdrawal activity was stabilising as trading resumed and affected assets were frozen in coordination with issuers.

Binance has pledged to cover all losses associated with the breach and says approximately 95% of stolen assets have already been covered.

The investigation and recovery efforts continue as Washington and Pyongyang remain divided over responsibility for the attack.

Flag of The Democratic People's Republic of Korea (DPRK)
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Flag of The Democratic People's Republic of Korea (DPRK)
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