Kim Yo-jong, sister of North Korea's leader, called the FBI's probe into a $6.3 billion Binance theft a political provocation, Yonhap News Agency reported on Tuesday. The state news agency KCNA had earlier labeled the theft claims a fabrication. On October 31 the FBI blamed TraderTraitor, a North Korean group it tied to a $1.5 billion Bybit theft in 2025, and asked companies to decline transfers from addresses connected with the stolen money. Blockchain firms TRM Labs and Chainalysis also pointed to North Korea as behind the hack. Binance has resumed withdrawals after saying it had covered around 95% of customer losses. President Donald Trump said he was not concerned, adding that Washington did not yet know who was responsible.
Why it matters: The case shows how exchange thefts are traced across blockchains and how governments and firms respond, which bears directly on security practices across crypto markets.
Summary by Dextape, based on reporting by BeInCrypto. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.
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