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Kim Yo Jong denied North Korea’s involvement in the $6.3 billion Binance hack, calling the FBI’s accusations “absurd rhetoric” and a “grave political provocation,” state media KCNA reported. The FBI has attributed the October 29 attack to North Korean hacking group TraderTraitor.
Why it matters
The denial conflicts with the FBI’s attribution of the attack. The bureau says the stolen assets were being converted primarily into ETH and could be laundered further through DeFi platforms and instant swap services.
Market impact
U.S. authorities have urged crypto exchanges and other service providers to block transactions linked to the stolen funds. Their ability to trace and restrict the assets is a key focus as the laundering investigation continues.
Frequently asked questions
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Who did the FBI attribute the Binance hack to?
The FBI attributed the October 29 attack to TraderTraitor, a North Korean hacking group.
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How did Kim Yo Jong respond to the FBI’s allegations?
She denied North Korea’s involvement and called the accusations “absurd rhetoric” and a “grave political provocation,” according to KCNA.
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What does the FBI say is happening to the stolen assets?
The FBI says the assets were being converted primarily into ETH and could be laundered through DeFi platforms and instant swap services.
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What have U.S. authorities asked crypto service providers to do?
They have urged exchanges and other service providers to block transactions linked to the stolen funds.
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Why does the denial matter for the investigation?
Kim Yo Jong’s denial conflicts with the FBI’s attribution of the attack, while authorities focus on tracing and blocking the funds.
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