North Korea has denied involvement in the Binance hack, with Kim Yo Jong calling U.S. accusations a “sinister” attempt to damage the country's image and criticizing the Trump administration's plan to use confiscated crypto as a strategic reserve. The FBI attributed the theft to TraderTraitor, the group it also blamed for the $1.5 billion Bybit hack in February 2025, with about $2.85 billion of the $6.43 billion stolen frozen or seized. The funds are being laundered across about 12,000 wallets, with a new wallet created roughly every 25 seconds. Binance said net withdrawals reached $4.72 billion since withdrawals resumed on Sunday, hourly deposits exceeded withdrawals by late Monday, and it has covered about 95% of stolen assets.
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