en.yna.co.kr South Korea Delays Sanctions Discussions on North Korea's Binance Hack
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- •South Korea has not started discussions on sanctions against North Korea for the Binance hack.
- •The FBI linked the $6.3 billion theft to North Korean hackers, specifically the TraderTraitor operation.
- •North Korea has denied involvement, calling the U.S. accusations a political provocation.
South Korea has not initiated discussions on imposing sanctions against North Korea regarding its alleged involvement in the $6.3 billion Binance hack. The Unification Ministry stated on November 5 that the government has not fully understood the circumstances of the incident, which occurred on October 29. The FBI attributed the theft to North Korea's TraderTraitor operation, a claim that North Korean officials, including Kim Yo-jong, have denied, calling it a political provocation. The Foreign Ministry is reviewing potential measures against North Korean cyber activities, including unilateral sanctions, but no decisions have been made yet. The investigation into the incident is ongoing, and internal consultations are still required before any formal discussions on sanctions can begin. South Korea continues to collaborate with the U.S. and Japan on addressing North Korean cyber threats.
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North Korean Hackers Steal $6.3 Billion from Binance in Record Cyber Heist On October 29, 2026, Binance, the world's largest cryptocurrency exchange, suffered a massive cyberattack attributed to North Korean hackers known as TraderTraitor, resulting in the theft of approximately $6.3 billion in digital assets. The attackers exploited vulnerabilities in Binance's hot wallet system, allowing…
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