The Democratic People’s Republic of Korea denied responsibility for the $6.3 billion Binance hack that the FBI attributed to a North Korean state-linked actor. Kim Yo Jong dismissed the allegations as political provocation and absurd rhetoric, accusing Washington of repeatedly associating North Korea with major cryptocurrency thefts. She also cited the US government’s plan to confiscate stolen digital assets and add them to a national strategic reserve. According to the FBI, TRM Labs and Chainalysis, the actor TraderTraitor converted the stolen funds into ETH and transferred them across decentralized finance platforms and instant-swap services to conceal their origin. Binance resumed withdrawals, with users withdrawing more than $4 billion immediately after the platform reopened and depositing just over $1 billion.
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