technology

North Korea denies role in record $6.3bn Binance cryptocurrency hack

Trading in major cryptocurrencies on Binance has since resumed after the exchange worked with issuers to freeze assets impacted by the hack.

north korea, binance, pyongyang, lazarus group, bybit, hack, north, korea

Key facts

  • A net $5.27bn has been withdrawn from the exchange since transactions resumed on Sunday, according to data posted on Tuesday by Binance. North Korea…
  • Trading in major cryptocurrencies on Binance has since resumed after the exchange worked with issuers to freeze assets impacted by the hack.
  • Since the hack, the crypto giant has largely focused its public statements on the technical nature of the breach and its response to protect users.

A net $5.27bn has been withdrawn from the exchange since transactions resumed on Sunday, according to data posted on Tuesday by Binance. North Korea has denied claims it was behind a record $6.3bn (£4.7bn) hack of cryptocurrency exchange Binance, calling the allegations absurd rhetoric.

Trading in major cryptocurrencies on Binance has since resumed after the exchange worked with issuers to freeze assets impacted by the hack.

Since the hack, the crypto giant has largely focused its public statements on the technical nature of the breach and its response to protect users.

She added that it is the consistent policy stand of the DPRK government to resolutely oppose all sorts of malicious acts in cyberspace.

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.

US government agencies and cyber analysts have blamed Pyongyang for the record-breaking heist.

The company has repeatedly said it would cover all of the losses linked to the attack and that it has so far covered around 95% of the assets stolen in the breach. Kim Yo Jong said it was a grave political provocation against the DPRK that the US misleads international public opinion as if all cyber crimes in different parts of the world are our deeds.

Lire en français