Kim Jong Un's sister rejected allegations that North Korea stole $6.3 billion from Binance

Kim Jong Un's sister denied allegations that North Korea stole $6.3 billion from Binance

Kim Yo Jong, sister of North Korean leader Kim Jong Un and department director of the Central Committee of the Workers' Party of Korea, called allegations of the DPRK's involvement in the hacker attack on the Binance crypto exchange groundless. She assessed this as a political provocation staged by the US.

"The US Federal Bureau of Investigation (FBI) is trying to portray us as a cybercriminal state, saying it received information that a North Korea-backed hacker group was involved in the attack. But these US claims are groundless and not new," the statement said.

Kim Yo Jong emphasized that such accusations are not being put forward for the first time. She recalled that last year, Washington also held North Korea responsible for the attack on the Bybit crypto exchange. In her opinion, the US is trying to interfere in the internal affairs of other states under the pretext of cybercrime.

Kim Yo Jong called the allegations related to Binance not only a political provocation, but also an attempt to damage North Korea's international reputation.

"This is a vile attempt aimed at damaging North Korea's international reputation, undermining our country's honor and state prestige. It is also another serious violation of North Korea's sovereignty, which is now spreading to cyberspace," she said.

On October 29, as a result of a hacker attack on the Binance crypto exchange, $6.3 billion worth of cryptocurrency was stolen. This became the largest theft in the history of crypto exchanges. In just 20 minutes, hackers withdrew large amounts of funds from the exchange's hot crypto wallets.

Initially, Binance reported that the hackers gained access to the system through a laptop belonging to one of the company's developers. Later, the head of the exchange, Richard Teng, admitted that the attackers also entered the system through other means. According to him, the hackers used tools that automatically erased traces of the attack.

From November 1, Binance began gradually restoring the ability to withdraw funds. Initially, this feature was opened for 15 cryptocurrencies such as Bitcoin, Ethereum, USDT, and USDC, as well as 28 national currencies such as the US dollar.

The exchange also began compensating users' losses from its own funds. On October 31, it was announced that 90 percent of the damage had been covered, and on November 1, this figure reached 95 percent.

Nearly $2.84 billion of the stolen funds have been frozen, but have not yet been returned to the exchange. More than half of the stolen cryptocurrency remains under the control of the hackers.

The US Federal Bureau of Investigation reported that North Korea's TraderTraitor hacker group was behind the attack on Binance.

Prior to this, analytics companies Chainalysis and TRM Labs, as well as crypto investigator ZachXBT, also put forward the same assumption. According to their data, the TraderTraitor group is also linked to major attacks on the Bybit and Bitget crypto exchanges.

Meanwhile, US President Donald Trump stated that the American government is still studying the assumption regarding North Korea's involvement in the attack.