North Korea rejects US allegations over $6bn crypto heist

Harry Archie November 3, 2026

North Korea has on Tuesday described US allegations that it was behind a $6 billion cryptocurrency theft from Binance as “absurd rhetoric”, accusing Washington of seeking to portray the country as a cybercriminal state and warning that US hostility could affect future diplomatic engagement.

The denial, which was issued by Kim Yo Jong, the influential sister of leader Kim Jong Un, comes as Pyongyang has stayed silent on US President Donald Trump’s overtures to resume summit diplomacy. Kim Yo Jong warned that North Korea had “issues to reconsider” over what it calls US hostility.

The FBI said at the weekend that North Korea was responsible for the theft of more than $6 billion in virtual assets from Binance, the world’s biggest cryptocurrency exchange, in what could be the largest-ever financial heist.

“The FBI is trying to brand the DPRK as a ‘cybercriminal state,’ claiming that it obtained information that a hacking organisation ‘supported’ by the DPRK was involved in the incident,” KCNA quoted Kim Yo Jong, a ruling party official, as saying. DPRK is a short form for the Democratic People’s Republic of Korea.

“But the US assertion is absurd rhetoric and nothing new,” Kim said.

“It is a grave political provocation against the DPRK that the US misleads international public opinion as if all the cybercrimes in different parts of the world are our deeds.”

Cybersecurity experts say North Korean hackers are among the world’s most prolific crypto thieves and the proceeds help fund the country’s weapons programmes. North Korea denies all allegations of its links to cryptocurrency theft and other cybercrimes.

North Korea is one of the world’s most impoverished countries but has poured resources secured through illicit means and activities banned under UN Security Council resolutions into its ballistic missile and nuclear weapons programmes.

How the record-breaking $6.3 billion heist in crypto history unfolded

Kim Yo Jong said North Korea would “reconsider” unspecified issues in light of the “very unpleasant US hostile attitude”. While she did not elaborate, North Korea has not publicly responded to Trump’s offers to resume summit diplomacy, and experts have said Pyongyang may be weighing its options.

The FBI said members of a North Korean state-sponsored unit known as TraderTraitor were responsible for the Binance attack. Law enforcement had observed them converting the stolen assets to the cryptocurrency Ethereum, and expected them to launder the assets further.

Binance has said it has covered most of the assets stolen from the platform by using company money.