--- title: "North Korea Denies Binance Hack Role, Threatens Review of US Stance" description: "Kim Yo-jong dismissed FBI allegations linking the regime to the exchange breach as an 'absurd rumor' and hinted Washington may be behind the attack." url: https://basisdesk.news/news/north-korea-denies-binance-hack-allegations-fbi published: 2026-11-02T23:26:11.193Z modified: 2026-11-02T23:26:11.193Z section: Security & Hacks author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: bearish tickers: [BTC] tags: [Binance, North Korea, FBI, Cybercrime, Kim Yo-jong, Hacks, Geopolitics] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # North Korea Denies Binance Hack Role, Threatens Review of US Stance Kim Yo-jong dismissed FBI allegations linking the regime to the exchange breach as an 'absurd rumor' and hinted Washington may be behind the attack. ## At a glance - **What happened:** North Korea's Kim Yo-jong denied FBI findings implicating the country in the Binance hack, labeling the claims an 'absurd rumor'. - **Why it matters:** The high-level pushback elevates a cryptocurrency exchange exploit into a direct diplomatic dispute between Pyongyang and Washington. - **Who is affected:** Binance, US law enforcement, and diplomatic channels between the United States and North Korea. - **What's next:** No next step announced. - **Primary source:** [Kim Yo-jong Calls Binance Hack Allegations 'Absurd Rumor,' Warns of 'Issues to Reconsider'](https://news.sbs.co.kr/english/article.do?news_id=N1008827368) — news.sbs.co.kr ## Key points - Kim Yo-jong denied FBI claims that North Korea orchestrated the Binance hack, calling the allegations 'absurd rumors' [1]. - The Workers' Party director insinuated the US could be behind the heist, pointing to federal asset recovery policies [1]. - Kim warned North Korea will 'reconsider in many aspects' its relationship and attitude toward Washington following the accusation [1]. ## Editorial remark - **Context:** The statement follows FBI announcements implicating North Korea-sponsored cyber organizations in the Binance breach, continuing a pattern of US attributions including past incidents like the Bybit exploit [1]. - **Impact:** Direct intervention from Kim Yo-jong, who manages key foreign policy strategies, raises geopolitical friction between Washington and Pyongyang over international cryptocurrency thefts and asset seizures [1]. - **Watch:** Follow-up enforcement actions or formal indictments by the US Department of Justice, and any diplomatic countermoves or policy adjustments signaled by North Korea. North Korea has formally rejected US accusations blaming the regime for the recent breach of cryptocurrency exchange Binance, with senior leadership calling the claims an "absurd rumor" [1]. In a statement released on Tuesday, Kim Yo-jong, director of the General Affairs Department of North Korea's Workers' Party, dismissed the Federal Bureau of Investigation's intelligence findings and warned of diplomatic consequences [1]. The denial follows earlier declarations from the [FBI blaming North Korea for the multi-billion-dollar exploit](https://basisdesk.news/news/fbi-blames-north-korea-for-six-billion-binance-exploit) [1]. Kim characterized the Binance breach as an "extraordinary event" and accused Washington of engaging in habitual provocations whenever major cybercrimes occur [1]. The statement also cited past attribution attempts, including allegations surrounding last year's security breach at cryptocurrency exchange Bybit, as evidence of repeated US efforts to distort perceptions of Pyongyang [1]. Kim further implied that the United States itself could have orchestrated the attack, pointing to previous US administrative measures authorizing the seizure of stolen digital assets [1]. She argued that observing who ultimately benefits from the recovery of such significant sums offers clues about the true perpetrator [1]. Kim cautioned that Washington's "extremely displeasing, hostile attitude" has prompted Pyongyang to reevaluate bilateral dynamics, stating that "there will be issues to reconsider in many aspects" [1]. ## Diplomatic Fallout The response marks the first formal statement from North Korea concerning the Binance incident [1]. Kim's direct intervention is notable because she oversees key foreign policy initiatives rather than traditional cyber or foreign ministry spokespeople [1]. The remarks suggest the cyber attribution dispute may directly complicate future diplomatic discussions between Pyongyang and Washington [1]. At the time of writing, the broader crypto market remains under pressure, with Bitcoin ($BTC) trading at $76,669 down 1.7% over the last 24 hours. ## Sources 1. [Kim Yo-jong Calls Binance Hack Allegations 'Absurd Rumor,' Warns of 'Issues to Reconsider'](https://news.sbs.co.kr/english/article.do?news_id=N1008827368) — news.sbs.co.kr, 2026-11-02 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai