CNBC · 2026-11-03 01:52 UTC

North Korea denies links to Binance hack as researchers trace stolen billions

North Korea denied FBI allegations linking it to a $6.3 billion Binance hack, calling the accusation a 'grave political provocation' through state media. Blockchain analytics firms Elliptic and Chainalysis traced hackers using 12,000 wallets across 11 blockchains with over 40,000 transactions in four days, employing increasingly complex laundering techniques across Tron, Ethereum, and Solana. About $2.85 billion (44%) of the stolen funds has been frozen or seized, while $3.24 billion remains in theft-linked addresses; Binance resumed withdrawals and said it covered 95% of affected amounts.

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