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DD News 2026-11-03
Binance Reports Normalized Outflows as North Korea Denies US Heist Allegation Binance's co-CEO announced that asset outflows from the cryptocurrency exchange have normalized following a significant $6.3 billion heist, which the FBI attributed to North Korea. Richard Teng stated at a Hong Kong Fintech Week event that the company is in "very strong financial health" and has replenished 95% of the affected tokens. He noted that after an initial spike in withdrawals, user activity has stabilized, with deposits exceeding withdrawals. In response to the allegations, North Korea's Kim Yo Jong dismissed the claims as "absurd rhetoric," asserting that they reflect ongoing hostility from the United States.
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