Kim Yo Jong Ties FBI’s Binance Hack Blame to Trump’s Crypto Reserve
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North Korea's Kim Yo Jong responded to the FBI's attribution of the $1.5 billion Bybit hack to the Lazarus Group's "TraderTraitor" program, suggesting that any recovered crypto held on Binance could end up in the Trump administration's proposed strategic crypto reserve, and implying that tracing who ultimately receives those funds may reveal the true perpetrators of the attack. The statement escalates tensions around the largest crypto theft on record, which saw roughly 400,000 stETH, 15,000 cbETH, 8,000 rETH, and 350 million USDt drained from Bybit's cold wallet via a compromised Safe{Wallet} interface on Ethereum. Kim's remarks come as Binance reportedly froze or banked a portion of the stolen funds, with the exchange's internal ledger showing the hack wallet as holding about $2.7 billion in assets at one point. The dispute matters because it entangles the biggest exploit in crypto history with U.S. geopolitics and the proposed federal digital asset stockpile, raising the stakes for any recovery efforts. Watch for whether Binance moves to distribute recovered funds, whether the U.S. government formally incorporates recovered Bybit assets into its reserve, and any further escalation from Pyongyang.
Muhabbit's AI wrote this summary in its own words from Unchained's report. It can get details wrong, so check the source.
Named in this story
Kim Yo Jong, Binance, FBI, Donald Trump