Trump Says US Is Investigating Whether Binance Hack Was By North Korea | Today’s news
President Donald Trump said the US is investigating whether North Korean hackers were behind the $6.3 billion heist targeting Binance that rocked the cryptocurrency world.
“We don’t know. We’re looking into it,” Trump told reporters in the Oval Office on Friday when asked if the hack should be attributed to North Korean actors.
Hackers from the country are known to prey on the digital asset industry and have been accused by the FBI and cybersecurity experts of being involved in some of the biggest crypto thefts in recent years.
Binance, the world’s largest cryptocurrency trading platform, has suspended withdrawals and pledged to cover all losses following the hack, the biggest heist the digital asset industry has ever faced. Binance on X disclosed that about $3 billion in assets were frozen on blockchain networks. In another post, co-founder Yi He said withdrawals should resume by Sunday.
“They say they guarantee it or something,” Trump said. “It was a hack. That’s the problem. You know the old-fashioned way where you signed a check and cashed it out. It’s different people. You never see the money again. So I always felt it was a little bit dangerous.”
“They say they have it pretty much under control,” he added, referring to Binance.
Binance has ties to firms associated with the president and his family. The firm helped develop a stablecoin for the company Trump and his sons co-founded. Changpeng Zhao, the co-founder and former CEO of Binance, was pardoned by Trump in 2025 after admitting he failed to enforce strong anti-money laundering measures.
The hacking incident comes amid growing concerns about the risks hackers pose in the age of artificial intelligence. It also marked a setback for an industry keen to expand its presence in traditional finance and which has benefited from Trump’s push to ease the regulatory burden.
Western governments have accused North Korea of supporting hacking groups and using them to raise funds to pay for weapons programs.
Previously: North Koreans Seen as Likely Hackers in Giant Binance Heist
Trump has offered new US intervention to North Korea in recent weeks, suggesting a potential meeting with its leader Kim Jong-un could happen this year. But Trump played down those expectations earlier this month, saying he was “not sure anybody is asking for a meeting.”
With help from Josh Wingrove.
This article was generated from an automated news agency source without text modification.
