North Korea denies being behind record $6.3bn Binance hack
North Korean official Kim Yo-jong has denied allegations that the state was responsible for a record $6.3 billion hack of the Binance cryptocurrency exchange. The US FBI and various cyber analysts maintain that the state-backed Lazarus Group orchestrated the attack.
Why it matters
This highlights the ongoing geopolitical tensions regarding state-sponsored cyber warfare and the increasing vulnerability of global financial infrastructure to sophisticated hacking groups.
Image source, Pool via Bloomberg Image caption, Kim Yo-jong, sister of North Korean leader Kim Jong Un
North Korea has denied claims that it was behind the record $6.3bn (£4.7bn) hack of cryptocurrency exchange Binance , calling the allegations an "absurd rhetoric".
Kim Yo-jong, one of the Democratic People's Republic of Korea's top officials and the sister of leader Kim Jong Un , said in a statement on Tuesday that the accusations are another "sinister attempt" by the US to damage the country's public image.
The US Federal Bureau of Investigation (FBI), the Secret Service and cyber analysts have said North Korea orchestrated the hack - describing it as the largest in history.
Pyongyang has also been blamed for a number of major cyber attacks - accusations that it has consistently denied.
Blockchain analysts and the FBI have said the attack was led by state-backed hacking group TraderTraitor.
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