North Korea Denies FBI’s Claim It Stole $6.3 Billion From Binance

North Korea is flatly denying the FBI's claim that a state-backed hacking operation stole more than $6 billion in digital assets from Binance.

The denial came from Kim Yo Jong, the influential sister of North Korean leader Kim Jong Un, after the bureau publicly blamed a North Korean operation it calls TraderTraitor for the record-setting theft.

That puts Pyongyang's word directly against a formal U.S. law-enforcement finding — and the money is still moving.

Here is how the denial was first moving across the crypto press Tuesday morning:

JUST IN: North Korea denies involvement in the .3B Binance hack

Kim Yo-jong, sister of leader Kim Jong Un, called the allegations “absurd rhetoric” and accused the U.S. of trying to damage North Korea’s image, despite the FBI and cybersecurity analysts attributing the attack… pic.twitter.com/5rdoJNHxnC

— crypto.news (@cryptodotnews) November 3, 2026

The FBI said the theft occurred on or about October 29 and that TraderTraitor actors began converting stolen assets primarily into Ether. The bureau warned that the funds could then be pushed through decentralized-finance platforms and instant-swap services as part of a wider laundering campaign.

Federal investigators did more than issue a general accusation. They released a long list of cryptocurrency addresses they say held, or previously held, assets connected to the theft and urged exchanges, blockchain analytics companies, node operators and other virtual-asset businesses to block related transactions.

The bureau said the Secret Service and IRS Criminal Investigation were also following the stolen funds. Its alert asks anyone with useful information to contact an FBI field office or the Internet Crime Complaint Center.

Binance, meanwhile, has said its early investigation pointed to a compromised DevOps engineer's laptop that allowed an attacker to reach a service container and submit unauthorized withdrawal transactions. The company later said it had found additional points of breach, while reporting no evidence that wallet private keys were leaked.

The Binance incident report said the exchange was working with law enforcement, token issuers, blockchain intelligence firms and other exchanges to trace and recover assets. It also said its technical teams were rebuilding and testing affected systems before restoring withdrawals.

The company committed more than $6.34 billion of its own funds to cover the affected assets, including billions held in the same major tokens that were stolen. Binance said the financial hit would fall on the company rather than its users.

A later recovery report said a new proof-of-reserves snapshot and zero-knowledge proof would allow customers holding ten major tokens to verify at least one-to-one backing. Binance also said roughly 95% of the affected amount had been replenished, with less-liquid tokens accounting for most of the remainder.

Then came North Korea's response.

Kim Yo Jong accused Washington of trying to brand the Democratic People's Republic of Korea as a cybercriminal state. She argued that the United States routinely blames Pyongyang whenever a major cyberattack makes international headlines.

This current report carries the central point of her statement:

Kim Jong Un's Sister Denies North Korea's Role in .3 Billion Binance Hack

Kim Yo Jong, sister of North Korean leader Kim Jong Un, denied Pyongyang's involvement in the .3 billion hack of Binance, the world's largest cryptocurrency exchange, calling the FBI's accusations… pic.twitter.com/A98tE5aK7y

— Wu Blockchain (@WuBlockchain) November 3, 2026

According to the Associated Press, Kim dismissed the FBI announcement as a political provocation and rejected the claim that North Korea was behind the Binance theft. Her statement did not publicly answer the bureau's wallet evidence or explain why multiple blockchain investigators reached similar conclusions.

The report noted that North Korea has been linked to major cyberattacks for years, including the 2014 Sony Pictures breach and the 2017 WannaCry malware attack. Pyongyang has repeatedly denied accusations that it uses cryptocurrency theft and other cyber operations to bring in money while international sanctions constrain its economy.

The AP also reported that South Korea's intelligence service estimated in 2022 that North Korean hackers had stolen roughly $1.1 billion in cryptocurrency and other virtual assets during the previous five years. Outside experts have long warned that stolen digital assets can help the regime obtain foreign currency and support weapons programs.

Another current post summarizes Kim's direct rejection of the FBI's case:

🚨 JUST IN: Kim Yo Jong, sister of North Korean leader Kim Jong Un, has denied North Korea's involvement in the .3 billion Binance hack.

She dismissed the FBI's accusation linking the Binance attack to the North Korean hacking group TraderTraitor as "absurd rhetoric" and a… pic.twitter.com/zTFxGsZxjC

— TheNewsCrypto (@The_NewsCrypto) November 3, 2026

The scale of the attack is staggering. The roughly $6.3 billion loss appears to be the largest cryptocurrency theft on record, far exceeding the $1.5 billion Bybit raid blamed on TraderTraitor in 2025.

North Korea has denied the Bybit finding as well. Binance has promised to cover customer losses while trying to freeze and recover the stolen assets.

President Trump has taken a more measured public posture while the investigation develops. He said U.S. officials were still learning what happened and had not yet reached certainty about North Korea's role.

That distinction matters. The FBI has made a direct finding and published addresses it says are tied to the thieves, but a public alert does not reveal the entire forensic case.

North Korea's denial does not disprove the bureau's finding, either.

What is clear is that this is no longer merely a corporate security failure. It is now a confrontation involving the world's largest cryptocurrency exchange, U.S. federal investigators and a nuclear-armed regime accused for years of using cyber theft to bring in hard currency.

The next test will be whether investigators and private blockchain operators can stop the laundering trail before the stolen assets disappear into harder-to-trace channels.

If they can, the published wallet addresses may become the most important part of the FBI's announcement. If they cannot, the largest crypto heist on record may also become one of the most lucrative cyber operations ever blamed on a nation-state.

This is a Guest Post from our friends over at WLTReport. View the original article here.