Home Industry Crypto and virtual money North Korea Binance Heist: Bol...
CIO Bulletin
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03 November, 2026
Author:
Ravathi Sunil
Pyongyang says the FBI’s $6 billion accusation is empty noise, but the timing of the denial is leaving the world with more questions than answers.
The North Korea Binance heist has become one of the most talked-about crypto stories of the year, and Pyongyang has now hit back at the blame. However, on Tuesday, the state news agency KCNA issued a statement denying the accusation made by the US that North Korea was responsible for the hack.
This past weekend, the FBI revealed that the hackers from North Korea had stolen over $6 billion worth of digital currencies from the Binance platform, which is one of the biggest cryptocurrency trading platforms in the world. Essentially, you can view the cryptocurrency exchange as an online marketplace that deals in digital currencies.
The response came from Kim Yo Jong, sister to dictator Kim Jong Un. According to KCNA, in the message she described the allegation as “absurd rhetoric,” noting that Washington has leveled such accusations in the past.
The FBI blamed North Korea for stealing over $6 billion from Binance.
North Korea rejected the claim on Tuesday through state media.
The statement came from Kim Yo Jong, the leader’s sister.
Pyongyang has stayed silent on President Donald Trump’s offer to restart summit talks.
This is where the story gets interesting. North Korea has also stepped up its weapons tests lately, a move that looks like a bid to gain leverage before any possible talks with the United States. So is this denial only about a stolen fortune, or is it also a message to the White House?
If the FBI is right, the case is a loud reminder that even giant crypto platforms can become targets for skilled hackers.
For now, it is the FBI’s word against Pyongyang’s denial. Will more proof come out, and will it change the path of any future talks? CIO Bulletin will keep following the North Korea Binance heist as fresh details emerge, so readers can stay ahead of the story.
News Source: Reuters, https://www.reuters.com/
Everything you need to know about this news
The FBI said at the weekend that North Korean hackers were responsible for stealing more than $6 billion in digital assets from the exchange.
Through state news agency KCNA, it dismissed the allegation as empty rhetoric and said such claims are nothing new.
She is the sister of leader Kim Jong Un and a prominent voice in Pyongyang, and the denial was linked to her.
At more than $6 billion, it could be the largest financial heist ever recorded, which is why the world is watching closely.
Nobody knows yet. Pyongyang has stayed silent on Trump’s efforts to restart summit talks, so the road ahead remains unclear. Watch for any shift in tone from both capitals.
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