A post by @TreeNewsFeed on X.

North Korea's state media KCNA, via Reuters, denied allegations that it was behind the Binance heist, calling the claims a "fabrication." The denial follows reports linking the Lazarus Group, North Korea's state-sponsored hacking collective, to a major exploit of the Binance bridge between BNB Beacon Chain and BSC, which resulted in the theft of roughly 2 million BNB, worth about $570 million at the time, with only a portion of the funds moved or laundered. The dispute underscores escalating geopolitical tension around crypto-related cybercrime, as the U.S. Treasury has sanctioned crypto mixers such as Tornado Cash used to launder stolen funds, and OFAC designated Lazarus-linked wallet addresses. Market impact was limited, with BNB trading near $290 and Bitcoin holding near $19,000-20,000, but the episode keeps regulatory scrutiny on exchanges and cross-chain bridges elevated. Watch for further on-chain movements of the stolen BNB, potential additional sanctions designations, and any U.S. or UN reporting on North Korean cyber theft proceeds.