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Kim Yo Jong rejects FBI claim that North Korea hacked Binance

Kim Yo Jong, sister of North Korea's leader, called FBI attribution of a more than $6 billion Binance theft to Pyongyang-linked hackers a political provocation, according to KCNA as reported by SCMP and The Japan Times.

What's new
  1. SCMP and The Japan Times are now reporting this
  2. New headline Was: “FBI blames North Korea group for $6.3 billion Binance crypto theft”
  3. Our desk updated its story
  4. CBS News is now reporting this
  5. Al Jazeera, TechCrunch and 6 more are now reporting this
11 earlier updates
  1. New headline Was: “Binance says $6.3 billion affected in breach; firms freeze about $3 billion”
  2. Our desk updated its story
  3. New York Times is now reporting this
  4. RTE News, The Hacker News and 3 more are now reporting this
  5. New headline Was: “Binance freezes $2.5bn of assets over suspected hack”
  6. Our desk updated its story
  7. Still developing
  8. The Guardian is now reporting this
  9. CNBC is now reporting this
  10. New headline Was: “Crypto giant Binance freezes $2.5bn of assets over suspected hack”
  11. Our desk filed its story

Wire reporting: (AP, via ABC News)

SEOUL — Kim Yo Jong, the sister of North Korean leader Kim Jong Un, on Tuesday rejected a U.S. Federal Bureau of Investigation finding that a North Korea-linked group stole more than $6 billion from cryptocurrency exchange Binance, according to a statement carried by the official Korean Central News Agency2,3.

The FBI said on Saturday that the theft was carried out by TraderTraitor, a group it has also tied to a $1.5 billion theft from the Bybit exchange in 20252,1. Binance has described the incident as the largest cryptocurrency theft on record3,1.

Kim Yo Jong said the FBI claim was “absurd rhetoric and nothing new,” linking it to earlier U.S. statements about Bybit2. She said attributing cybercrime around the world to North Korea was a political provocation and an attempt to damage the country's standing2.

She said Pyongyang opposes malicious acts in cyberspace and that the episode confirmed what she called a hostile U.S. attitude, adding that North Korea would watch further U.S. steps2,1.

The Associated Press, carried by ABC News, reported that South Korea's Foreign Ministry said Monday that illicit North Korean cyber activity is a growing threat and that Seoul is working with the United States and others on the issue1. Outside researchers and South Korean agencies have for years attributed large virtual-asset thefts to North Korean operators; Pyongyang has typically denied those claims1.

SCMP reported that President Donald Trump, asked about the case, said investigators were still learning the facts and that it was not established that North Korea was responsible2. Trump has said he is open to meeting Kim Jong Un; SCMP said those gestures have not drawn a public reply from Pyongyang2. The Japan Times framed Kim Yo Jong's statement as cooling talk of such a meeting3.

What remains unresolved is the technical attribution itself: the FBI's public finding, North Korea's denial, and the president's expressed uncertainty have not been reconciled in on-record statements1,2.

Sources

  1. (AP, via ABC News)North Korea denies involvement in Binance hack, criticizes FBI probe
  2. SCMPSister of North Korea’s Kim slams FBI’s Binance hack allegations as ‘grave’ provocation
  3. The Japan TimesNorth Korea calls U.S. claims it was behind Binance hack ‘a grave political provocation’

How it’s being reported

14 sources

First reported by The Hacker NewsThe Hacker News

SCMPThe Japan TimesCNBCBBCAl JazeeraTechCrunch

Where they agree

  • Kim Yo Jong issued a KCNA statement on Tuesday denying North Korean involvement in the Binance theft.
  • The FBI attributed the theft to TraderTraitor and previously tied that group to the Bybit case.
  • The reported loss exceeds $6 billion.

Where they differ

Whether North Korea carried out the Binance theft

Side by side

Each outlet's article broken down by our newsroom, in our own words. To read what they wrote, use the button under each one.

SCMPSCMP

Sister of North Korea’s Kim slams FBI’s Binance hack allegations as ‘grave’ provocation

Sovereignty language in the KCNA text and Trump's public uncertainty about the attribution.

Reports Kim Yo Jong's KCNA statement rejecting the FBI's TraderTraitor attribution of the Binance theft.

Leaves out South Korean government comment on illicit cyber activity.

Sovereignty language in the KCNA text and Trump's public uncertainty about the attribution.

What it reports

  • KCNA carried a Tuesday statement from Kim Yo Jong rejecting the FBI claim as new rhetoric tied to the earlier Bybit case.
  • The FBI on Saturday attributed the Binance theft to TraderTraitor, the group it also tied to a $1.5 billion Bybit theft.
  • Binance is described as the largest crypto exchange by daily trading volume; prices fell after the hack news.
  • SCMP reports Trump told reporters he was not certain North Korea was responsible.
  • The piece notes Trump's outreach to Pyongyang has not drawn a public response from the North.

Leaves out South Korean government comment on illicit cyber activity.

North Korea calls U.S. claims it was behind Binance hack ‘a grave political provocation’

The denial as a setback to talk of a leaders' meeting.

Short account of Kim Yo Jong's KCNA response to FBI claims about the Binance theft.

Leaves out Detail on TraderTraitor and Trump's remarks, in the portion of the page that loaded.

The denial as a setback to talk of a leaders' meeting.

What it reports

  • The Japan Times describes the Binance incident as the largest cybertheft on record.

Leaves out Detail on TraderTraitor and Trump's remarks, in the portion of the page that loaded.

CNBCCNBC

North Korea denies links to Binance hack as researchers trace stolen billions

Pyongyang's denial alongside Elliptic and Chainalysis tracing of stolen funds

CNBC says Kim Yo Jong rejected FBI attribution of the Binance hack while Elliptic and Chainalysis described large-scale laundering of stolen crypto.

Pyongyang's denial alongside Elliptic and Chainalysis tracing of stolen funds

What it reports

  • Kim Yo Jong, citing KCNA via Yonhap as reported by CNBC, called the FBI attribution a political provocation.
  • Elliptic said hackers used about 12,000 wallets and more than 40,000 transactions across 11 blockchains in four days.
  • Elliptic put stolen funds at $6.43 billion, with about $2.85 billion frozen or seized and $3.24 billion still in linked addresses.
  • Chainalysis said actors had begun a new laundering phase after moving more than $500 million through Tron wallets.
  • Binance said withdrawals were resuming in phases and that it had covered about 95 percent of the affected amount.
BBC

Crypto firm Binance covers 90% of losses after $6.3bn hack

Customer reimbursement and a compromised engineer laptop plus extra breach points

Binance said it has covered 90% of the $6.3bn theft and pledged to absorb remaining losses as withdrawals were slated to resume. BBC News

Leaves out FBI address list and laundering automation detail

Customer reimbursement and a compromised engineer laptop plus extra breach points

What it reports

  • Binance said it covered 90% of stolen assets and set aside more than $6.34bn of company funds
  • The company said bitcoin, ethereum, Tether and seven other widely traded assets were covered
  • An initial investigation pointed to a compromised engineer laptop; a later update cited additional breach points
  • Blockchain analytics firms named Lazarus/TraderTraitor as likely culprits; North Korea has denied such attacks

Leaves out FBI address list and laundering automation detail

Al JazeeraAl Jazeera

FBI blames North Korea for record $6.3bn crypto heist

Official U.S. attribution and a call for industry to block laundering addresses

The FBI linked the Binance theft to TraderTraitor and said stolen assets were being converted mainly into ethereum.

Leaves out On-chain technical sequence of the hot-wallet drain

Official U.S. attribution and a call for industry to block laundering addresses

What it reports

  • The FBI blamed TraderTraitor, the same group it named in the 2025 Bybit theft
  • The bureau said actors were converting stolen assets primarily into ethereum and expected further laundering
  • Binance said it replaced 90% of stolen tokens using SAFU, a futures insurance fund and treasury
  • The exchange published a new proof-of-reserves snapshot after the halt

Leaves out On-chain technical sequence of the hot-wallet drain

TechCrunchTechCrunch

North Korean hackers blamed for stealing record $6.3B in Binance breach

How access was gained and overlap with a prior Bitget wallet

TRM Labs and Elliptic attributed the theft to North Korean hackers after a compromised engineer laptop enabled unauthorized withdrawals.

Leaves out Saturday FBI statement

How access was gained and overlap with a prior Bitget wallet

What it reports

  • Binance said attackers used a compromised engineer laptop to reach a service container and submit unauthorized withdrawals
  • The company said it had not found evidence of a private-key leak
  • TRM Labs put the theft at about $6.36bn in roughly 20 minutes
  • Elliptic said some funds reached a wallet used in an earlier Bitget attack

Leaves out Saturday FBI statement