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North Korea denies role in record $6.3bn Binance hack

North Korea denies role in record $6.3bn Binance hack
— Photo: BBC World

Kim Yo-jong called claims that Pyongyang orchestrated the attack “absurd rhetoric”. US agencies and cyber analysts have blamed a North Korean state-backed hacking group for the breach.

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North Korea has denied responsibility for the record $6.3bn (£4.7bn) hack of cryptocurrency exchange “Binance”, describing the allegations as “absurd rhetoric”.

Kim Yo-jong, a senior North Korean official and sister of leader Kim Jong Un, said in a statement on Tuesday that the accusations were another “sinister attempt” by the United States to damage the country’s public image, according to the BBC.

The US Federal Bureau of Investigation (FBI), the Secret Service and cyber analysts have said North Korea orchestrated the attack, which they described as the largest in history. Pyongyang has also been blamed for several major cyberattacks, allegations it has repeatedly denied.

Blockchain analysts and the FBI have said the attack was led by the state-backed hacking group TraderTraitor, also known as the Lazarus Group. The group was blamed for a then-record $1.5bn hack of cryptocurrency exchange “Bybit” in 2025.

The FBI has called on industry partners to help block transactions involving cryptocurrency accounts linked to the group.

“The US has made a trite provocation of linking it with the Democratic People’s Republic of Korea again,” Kim Yo-jong, director of North Korea’s General Affairs Department, said.

“It is a grave political provocation against the DPRK that the US misleads the international public opinion as if all the cyber crimes in different parts of the world are our deeds,” she said.

The BBC said it had contacted “Binance” for comment. Since the hack, the cryptocurrency exchange has largely focused its public statements on the technical nature of the breach and its response to protect users.

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