Kim Yo-jong Denies North Korea's Involvement in Binance Hack

North Korean leader Kim Yo-jong has denied her country's involvement in the Binance hack, calling the FBI's accusation "absurd," according to state media KCNA on November 3. In a statement issued November 2, Kim, a senior official in the Workers' Party of Korea, accused the U.S. of politically provoking North Korea by linking it to international cybercrime. She said the North Korean government opposes malicious activities in cyberspace. The denial follows the FBI's attribution of the Binance breach to a North Korea-linked hacking group. The dispute adds geopolitical tension to the exchange's security incident, and markets will watch whether U.S. authorities respond with further attribution evidence or sanctions actions tied to the stolen funds.