North Korea has denied United States allegations that it was behind the theft of roughly $6.3 billion from cryptocurrency exchange Binance, describing the claim as a political provocation.
The United States has alleged that North Korean actors orchestrated the hack that led to the loss of the funds. The U.S. authorities say the theft was carried out by a sophisticated cyber operation linked to the North Korean regime.
In a statement, North Korea’s foreign ministry rejected the accusations, calling them a deliberate attempt to create tension and asserting that the country has no involvement in the incident.
Binance, one of the world’s largest cryptocurrency exchanges, has faced a series of security breaches in recent years. The $6.3 billion loss is among the most significant attacks on a crypto platform to date.
The dispute highlights the growing concerns over cyber attacks on digital asset exchanges and the challenges of attributing responsibility for large-scale thefts in the increasingly complex world of cryptocurrency security.
<small>Source: Punch Nigeria — read the original story there.</small>