South Korea has not discussed additional sanctions over North Korea’s alleged $6.3 billion Binance theft

Nov 5, 2026 05:37 (2h ago)

South Korea has not begun discussing additional sanctions over the alleged Binance cryptocurrency theft.
The FBI attributed the theft to North Korea-linked TraderTraitor late last month.
Kim Yo Jong denied involvement on Nov. 3 and called the allegation a political provocation.

South Korea has not begun discussing additional sanctions against North Korea over the alleged theft of $6.3 billion in cryptocurrency from Binance, a Unification Ministry official said on Nov. 5. The government has not yet established the incident’s precise details and has therefore not begun considering policy responses. The FBI said late last month that TraderTraitor, a hacking group linked to North Korea’s Reconnaissance General Bureau, was responsible. North Korea denied the allegation in a Nov. 3 statement issued under the name of Kim Yo Jong, vice department director of the Workers’ Party, describing the claim as a political provocation.