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Markets

North Korea Rejects FBI Claims, Hints at U.S. Role in Binance Hack

Bitcoin is attempting its first July–September 3-month winning streak since 2012, but the historical sample is too small to predict October’s performance. Today’s mature ETF and derivatives m

AnonymousCryptoCompass newsroom
November 3, 2026
4 min read
NEWS
North Korea Rejects FBI Claims, Hints at U.S. Role in Binance Hack
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  • Bitcoin is attempting its first July–September 3-month winning streak since 2012, but the historical sample is too small to predict October’s performance.

 

  • Today’s mature ETF and derivatives markets make a repeat of Bitcoin’s 2,000% rally in 2012 far less likely.

 

  • Continued spot Bitcoin ETF inflows may be a more useful signal of Q4 momentum than seasonal trends or historical cycles.

North Korea denies involvement in the Binance hack and questions the FBI’s allegations, while blockchain investigators point to the TraderTraitor hacking group.

 

 

KIM YO JONG DENIES NORTH KOREA’S INVOLVEMENT

 

Kim Yo Jong, the sister of North Korean leader Kim Jong Un, has rejected allegations by the U.S. Federal Bureau of Investigation (FBI) that a North Korea-backed hacking group was responsible for the recent attack on Binance.

 

In a statement published Tuesday by North Korea’s state-run Korean Central News Agency (KCNA), Kim accused the United States of attempting to portray North Korea as a “cybercrime state.” She dismissed Washington’s claims that it had intelligence linking North Korean hackers to the incident as absurd allegations, adding that such accusations were nothing new.

 

Kim further described the U.S. allegations as a political provocation intended to damage North Korea’s international reputation. She also referenced the February 2025 Bybit hack, in which approximately $1.5 billion was stolen, noting that the FBI had similarly blamed North Korea for that incident—a claim she also denied.

KIM YO JONG HINTS AT U.S. INVOLVEMENT WITHOUT PROVIDING EVIDENCE

 

Beyond denying North Korea’s involvement, Kim also turned the accusations toward Washington, suggesting that the United States itself could be connected to the hacking incident.

 

She argued that investigating who ultimately gained access to the large amount of stolen cryptocurrency after it was recovered could provide clues about who was behind the operation.

 

However, Kim offered no further explanation or evidence linking the United States to the attack.

BLOCKCHAIN INVESTIGATORS POINT TO NORTH KOREA’S TRADERTRAITOR GROUP

 

In contrast to North Korea’s denial, several blockchain intelligence firms have previously attributed the attack to North Korean hackers.

 

Last week, blockchain intelligence firm TRM Labs said it had a high degree of confidence, based on both on-chain and off-chain intelligence, that the Binance attack was linked to TraderTraitor, a hacking group associated with North Korea.

 

Chainalysis and on-chain investigator ZachXBT have also linked the theft to North Korean hackers.

 

According to TRM Labs, the attack shared several characteristics with previous North Korean cyber operations. These included extensive preparation, the use of Tornado Cash to fund attacker-controlled wallets, and coordinated attacks using previously obtained transaction signatures.

 

However, investigators also observed differences in the subsequent laundering process, which did not follow the same pattern as the movement of funds after the Bybit hack.

 

Meanwhile, ZachXBT identified a possible connection between the Binance andBitget incidents. He found that portions of the stolen funds from both cases had passed through THORChain before being mixed into the same on-chain address.

 

Bitget CEO Gracy Chen previously said that an initial investigation had identified IP addresses potentially linked to VPN services used by a North Korean hacking group.

 

North Korea has now formally denied the allegations, while the U.S. government has yet to respond to Kim’s latest statement. The identity of the attackers remains disputed, but the on-chain evidence and technical indicators identified by multiple blockchain investigation firms continue to point toward North Korean hacking groups.

 

 

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〈North Korea Rejects FBI Claims, Hints at U.S. Role in Binance Hack〉這篇文章最早發佈於《CoinRank》。