North Korea rejects U.S. accusation over Binance hack as withdrawals resume
Business · First reported 3 Nov, 04:49 · Updated 04:52
North Korea denied the U.S. accusation that its hackers stole more than $6 billion from Binance, while the exchange said withdrawals for additional assets would restart. The supplied reports describe the FBI’s accusation and Pyongyang’s response, but provide limited detail on the U.S. case.
- The FBI blamed North Korea for stealing more than $6 billion in virtual assets from Binance; Kim Yo Jong rejected the accusation.
- Kim called the U.S. charge a political provocation, while the report says analysts in Seoul viewed the quick denial as a sign of concern about possible U.S. efforts to disrupt a funding source.
- Binance said withdrawals for additional assets on several blockchains would restart at 04:00 GMT Tuesday and that it had replaced most of the stolen assets using its own funds.
Summary written by Lux AI from 2 articles
Key facts
- Amount alleged stolen
- More than $6 billion in virtual assets.
- U.S. agency making the accusation
- FBI.
- Group named in the report
- TraderTraitor.
- Withdrawal restart time
- 04:00 GMT Tuesday for additional assets across several blockchains.
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Background
- An earlier Lux story was titled “Commentary: Binance says everything is okay. It really isn’t”; no summary details were supplied. [11c71533-f4ce-411e-bf98-7908fab3364a]
- Another earlier Lux headline reported Binance boosting market-maker incentives in the wake of the record hack; no further details were supplied. [10ab892a-f75c-469d-96f9-0ac8eaba7b02]
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- Public broadcaster 50% (1)
- Independent 50% (1)
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