North Korean Officials Dismiss FBI's Binance Hack Finding as 'Fabrication'

Kim Yo-jong, the sister of North Korean leader Kim Jong Un, described the FBI’s inquiry into the $6.3 billion Binance hack as a “political provocation,” according to a Tuesday report from Yonhap News Agency.

She went on to say that Pyongyang is “closely monitoring” the matter. Reuters said state news agency KCNA had hours earlier branded the theft allegations a “fabrication.”

US authorities, for their part, continue to call on exchanges to block wallets connected to the stolen money.

FBI Findings on the Binance Attack

Hackers stripped Binance, the biggest crypto exchange in the world, of funds on October 29. Security researchers regard the incident as the largest crypto theft ever documented.

On October 31, the FBI identified TraderTraitor as the culprit. The bureau had previously linked that North Korean group to the $1.5 billion Bybit theft in February 2025.

The hackers were converting the bulk of the stolen assets into Ethereum (ETH), according to the FBI. It also made public a set of associated wallet addresses and advised crypto firms not to process transactions from those accounts.

TRM Labs and Chainalysis, both blockchain tracking firms, came to the same conclusion that North Korea was responsible. A detailed investigation into the Binance hack documents how the funds exited the platform.

Trump Reacts to the Hack

So far, the cost has fallen on the exchange itself. Binance has restarted crypto withdrawals after saying it used reserves to cover roughly 95% of customer losses.

The mood in Washington has been careful so far. President Donald Trump, speaking at Mar-a-Lago on Saturday, downplayed the attack.

“I’m not concerned. We’re learning about it,” the president said.

Trump added that the US had not yet determined whether North Korea was responsible. As of the time of writing, no American reaction to Kim’s comments had been reported.

The immediate challenge is whether exchanges can freeze the money before it is cashed out. A timeline of the recent Bitget hack demonstrated how quickly suspected North Korean thieves operate.