WuBlockchain
On October 30, President Donald Trump said the U.S. was still investigating whether North Korea was responsible for Binance's reported $6.3 billion crypto theft. He said Binance claimed it would recover the funds and had the situation largely under control, adding, “We’ll see.”
Why it matters
The remarks leave both the attribution and the recovery claim unresolved. Trump also raised broader concerns about digital money, contrasting transactions people cannot physically see with paper checks and calling that a risk he had long considered dangerous.
Market impact
The comments offer no new finding on who was responsible or whether the funds will be recovered. For crypto markets, the central questions remain the investigation's outcome and whether Binance can deliver on its recovery claim.
Frequently asked questions
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What did Trump say about North Korea's possible role in the Binance theft?
Trump said the U.S. was still investigating whether North Korea was responsible. He did not confirm North Korea's involvement.
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What did Binance say about recovering the reported stolen funds?
Trump said Binance claimed it would recover the funds and had the situation largely under control.
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Did Trump confirm that Binance would recover the funds?
No. He relayed Binance's claim and responded, “We’ll see.”
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What broader concern about digital money did Trump raise?
Trump contrasted digital transactions with paper checks, saying people no longer see their money physically and that he had long considered this a risk.
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What remains unresolved after Trump's remarks?
The U.S. investigation has not established responsibility, and Binance's recovery claim remains unconfirmed in Trump's remarks.
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