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North Korea denies being behind $6.3bn Binance crypto hack
- UK

North Korea denies being behind $6.3bn Binance crypto hack

North Korea has denied claims that it was behind the record $6.3bn (£4.7bn) hack of cryptocurrency exchange Binancecalling the allegations “absurd rhetoric”. Kim Yo Jong, a top Democratic People’s Republic of Korea official and the sister of leader Kim Jong Unsaid on Tuesday that the accusations are another “sinister attempt” by the US to damage

North Korea has denied claims that it was behind the record $6.3bn (£4.7bn) hack of cryptocurrency exchange Binancecalling the allegations “absurd rhetoric”.

Kim Yo Jong, a top Democratic People’s Republic of Korea official and the sister of leader Kim Jong Unsaid on Tuesday that the accusations are another “sinister attempt” by the US to damage Pyongyang’s public image.

The US Federal Bureau of Investigation (FBI), the Secret Service and cyber analysts have said North Korea orchestrated the hack, which has been described as the largest in history.

This is the latest hack to be linked to North Korea, which has been accused of relying on cyber-crime to help finance its sanctioned economy.

Blockchain analysts and the FBI have said the attack was led by state-backed hacking group TraderTraitor.

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, the director of North Korea’s General Affairs Department, said in a statement.

“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.

Source: www.bbc.co.uk

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