North Korea Denies Responsibility for $6.3B Binance Hack

Dextape brief

By Dextape Desk · November 3, 2026

Pyongyang has rejected allegations from US investigators that it was behind last week's Binance breach. In a KCNA statement dated November 3, Kim Yo Jong, sister of leader Kim Jong Un, called Washington's accusations a political provocation and said the US links North Korea to crypto thefts without justification. She also suggested that whoever receives recovered crypto under the American plan might reveal the real culprit. The FBI earlier said the DPRK carried out the $6.3 billion attack, citing a state-linked group, TraderTraitor, seen moving stolen assets through DeFi services. Other investigators, including TRM Labs and Chainalysis, also attributed it to that group. Binance has since resumed withdrawals, and customers took out more than $4 billion shortly after.

Why it matters: It shows how pinning a large crypto theft on a country can spill into diplomatic conflict, a development relevant to exchanges and the users who hold funds on them.

Mentioned: Binance

Summary by Dextape, based on reporting by CryptoPotato. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.