Photo via ABC News (AU)

North Korea denies role in Binance heist as customers withdraw billions

Read the original at ABC News (AU) ↗
Cite

North Korea denies role in Binance heist as customers withdraw billions. (2026, November 3). ABC News (AU). https://www.abc.net.au/news/2026-11-03/north-korea-denies-binance-heist-customers-withdraw-billions/107340330

Dated from the outlet's own feed. Check the original for its byline.

ABC News (AU) · collected 2026-11-03

Quick Summary

North Korea has denied involvement in a $6.3 billion cryptocurrency theft from Binance, with ruling party official Kim Yo Jong calling the FBI's allegations absurd rhetoric. Meanwhile, Binance customers withdrew approximately $4.64 billion after the exchange lifted its temporary withdrawal suspension. The article focuses on North Korea’s denial and the ongoing scrutiny of possible state involvement in cybercrimes targeting cryptocurrencies.
Written by AI on 2026-11-03, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Why this leaning score
The model judged this article politically coded and scored it -0.45, but none of the 4 quote(s) it offered could be found in the article text, so the score is not published.
Written under an earlier scoring contract, which gave a paragraph rather than checkable quotes. Re-analysing this article replaces it.
Leaning score withheld for article 124663: no verified evidence · logged 2026-11-03

Story

📰 North Korea Denies Binance Hack Involvement
Politics · 77 article(s) covering the same event. Compare every outlet's account →

Compared with similar articles

This article reads unscored and hedges 5% of its claims. Each row says how that neighbour differs.
Toronto Star
⚖️ Leans left Hedges 0 of 3 claims Outlet record 64/100
The Independent
⚖️ Leans left Hedges 2 of 15 claims Outlet record 59/100
ABC News (US)
⚖️ Leans left Hedges 2 of 18 claims Outlet record 70/100
BBC News
Hedges 1 of 10 claims Outlet record 68/100
New York Post
Hedges 1 of 13 claims Outlet record 66/100
The Guardian
Hedges 2 of 30 claims Outlet record 66/100
BBC News
Hedges 2 of 23 claims Outlet record 68/100
ABC News (AU)
Hedges 2 of 18 claims Outlet record 68/100
South China Morning Post
Hedges 1 of 4 claims Outlet record 63/100
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
21
sentences that state something as happening or true
Uncertain
5%
1 of 21 hedged ("reportedly", "may", "according to")
Leaning
withheld
no quote in the article backed the model's score
Publisher signals
68/100
ABC News (AU)'s corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
77
Politics
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-11-03 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

ABC News (AU) · 4717 article(s) · 10 correction(s) detected
Running correction rate · 10 correction(s)

Who wrote this

No reporter is named on this article.

Topics

Binance DPRK FBI North Korea North Korean

Subjects

Binance ORG · 4× FBI ORG · 4× North Korea GPE · 4× DPRK GPE · 3× North Korean NORP · 3× Kim PERSON · 2× Kim Yo Jong PERSON · 2× Pyongyang GPE · 2× TraderTraitor ORG · 2× Washington GPE · 1×

Narrative

In a statement published by North Korean state media, Kim Yo Jong, the influential sister of leader Kim Jong Un, denied the country was responsible for carrying out last week's hack, thought to be the largest financial heist in history.
framing: assertive · carried by 1 article(s) · first seen 2026-11-03
🔮 Ms Kim said North Korea would reconsider unspecified issues in light of the "very unpleasant US hostile attitude".
2026-11-03 · ABC News (AU)
North Korea denies role in Binance heist as customers withdraw billions · assertive framing

Claims (21 extracted, 1 hedged)

In short: North Korea has denied FBI allegations accusing the country of stealing $US6.3 billion from crypto exchange platform Binance. asserted
Korea → deny → Binance
Ruling party official Kim Yo Jong dismissed the allegations as "absurd rhetoric and nothing new" from the US. asserted
Jong → rule → US
Binance customers have withdrawn $US4.64 billion after the company lifted a temporary suspension on withdrawals. asserted
company → withdraw → withdrawals
North Korea has denied US allegations that it was behind the $US6.3 billion ($9 billion) heist of cryptocurrency exchange platform Binance as "absurd rhetoric" and proof that Washington remained hostile towards the country. asserted
Washington → deny → country
In a statement published by North Korean state media, Kim Yo Jong, the influential sister of leader Kim Jong Un, denied the country was responsible for carrying out last week's hack, thought to be the largest financial heist in history. asserted
country → publish → history
Ms Kim also warned the country had "issues to reconsider" over US hostility. asserted
country → warn → hostility
"The FBI is trying to brand the DPRK as a 'cyber criminal state,' claiming that it obtained information that a hacking organization 'supported' by the DPRK was involved in the incident," she said in the statement. " asserted
she → try → statement
"It is a grave political provocation against the DPRK that the US misleads international public opinion as if all the cyber crimes in different parts of the world are our deeds." asserted
crimes → mislead → world
On Saturday, the FBI accused a North Korean state-sponsored unit known as TraderTraitor of carrying out the hack and stealing billions in crypto. asserted
FBI → accuse → crypto
The US bureau said it had observed TraderTraitor converting stolen assets into a cryptocurrency called Ethereum and expected it to launder the assets further. asserted
it → say → assets
"The FBI maintains its commitment to protecting the virtual asset community by identifying, mitigating, and disrupting North Korea's illicit cybercrime and virtual asset theft activities," a statement read. asserted
statement → maintain → activities
Cybersecurity experts said North Korean hackers were among the world's most prolific crypto thieves, with the proceeds used to help fund the country's weapons programs. asserted
proceeds → say → programs
North Korea has denied all allegations of its links to cryptocurrency theft and other cybercrimes. asserted
Korea → deny → theft
Ms Kim said North Korea would reconsider unspecified issues in light of the "very unpleasant US hostile attitude". asserted
Korea → say → attitude
It comes as Pyongyang remains silent on US President Donald Trump's offers to resume US-North Korea summit diplomacy. asserted
Pyongyang → come → diplomacy
Experts have indicated Pyongyang may be weighing its options. uncertain
Pyongyang → indicate → options
Customers withdraw billions asserted
Customers → withdraw → billions
Binance customers withdrew about $US4.64 billion ($6.6 billion) worth of assets after the company lifted its temporary suspension on Sunday. asserted
company → withdraw → Sunday
"Between 06:00 and 15:30 UTC on November 1, we processed $4.649 billion in withdrawals and $1.01 billion in deposits, resulting in a net outflow of approximately $3.64 billion," the company said on X. " asserted
company → result → X.
Our team continues testing rigorously the remaining networks and assets. asserted
team → test → networks
"Rest assured that market conditions are stable." The company said it had recovered 90 per cent of the stolen assets by using company money. asserted
it → rest → money
💬Give feedback
🕘History 🎫Support