North Korea Denies $6.3B Binance Hack as Exchange Details How Attackers Got In
North Korea's Kim Yo Jong rejected blame for the roughly $6.3 billion Binance theft, calling it politically motivated, while Binance detailed how attackers used malware, a fake job pitch and an internal AI tool to reach wallet-signing systems. The day also brought CFTC-cleared stock perpetuals, fresh tokenization plays and a Bitcoin-backed LBTC fix.
Kim Yo Jong swatted down allegations that North Korea pulled off the roughly $6.3 billion Binance theft, calling the accusation politically driven and a sign of Washington's hostility. State media carried her statement on November 3. The denial landed after the FBI pinned the attack on North Korean cyber activity it tracks as TraderTraitor.
Binance, meanwhile, pulled back the curtain on how the intruders got through. In its initial incident report, the exchange described a drawn-out campaign built on malicious software, a fake recruitment pitch and compromised employee computers. Attackers rode stolen credentials and an internal AI tool into systems tied to wallet signing before pulling off the October 29 theft, according to Binance. The exchange says it has tightened security controls and is bringing in an independent cybersecurity review.
Over at the CFTC, Chairman Michael Selig said perpetual futures tied to individual stocks can start trading on qualifying U.S. exchanges. Venues need CFTC registration plus the SEC registration required for security futures, since the contracts sit under both agencies' rules. The move drags a format crypto traders know well into U.S. equity derivatives.
Bullish picked Solana, Aptos and Ethereum as the first blockchains for its equity tokenization services. It already runs on Solana and will expand to Aptos and Ethereum, giving issuers more networks to make shares available, with the transfer agent still keeping the official ownership record. Jupiter rolled out perpetual contracts tracking Asian heavyweights including TSMC, Tencent, Samsung, SK Hynix and BYD, powered by Chainlink's expanded APAC Equities Streams. That data expansion, dated November 3, spans exchanges in China, Japan, South Korea, Taiwan and Hong Kong. Traders get stock-price exposure without owning the underlying shares.
Aztec unveiled Tierra, its Alpha V6 release, packing security fixes and speed gains for its Ethereum privacy network. The foundation says private transaction proofs now generate in about one second on native devices, twice as fast as before, while Ethereum-to-Aztec messages can arrive in as little as 12 seconds versus a previous two-minute average. The Liquid Federation said its reserves once again hold one Bitcoin of backing for every LBTC after September's exploit. Board member Samson Mow identified Blockstream as the source of the replacement Bitcoin that closed the remaining gap, though the update didn't confirm that all restrictions on direct federation withdrawals are gone.
Alchemy Pay integrated with Walt, the digital-asset app reachable through Telegram, letting users buy and sell supported crypto with conventional payment methods. The company says its payment rails reach users in 173 countries, giving Walt customers another way to fund accounts inside the app. HashKey is now tapping Standard Chartered's tokenized deposit service for institutional treasury management and settlement, moving eligible bank balances inside an approved blockchain environment so funds can shift beyond normal banking cut-off times. In South Korea, President Lee Jae Myung told officials to study a government-wide cybersecurity body, citing the Binance attack at a November 3 Cabinet meeting and calling for earlier threat detection and faster warning-sharing; the structure is still under review. Abits Group, meanwhile, will check whether its U.S. infrastructure can host AI and high-performance computing customers alongside Bitcoin mining, weighing power capacity, cooling, connectivity and upgrade costs — with no definitive hosting deals signed and any rollout hinging on financing, demand and technical feasibility.
TopicsBinance · North Korea · Kim Yo Jong · CFTC · Bullish · Jupiter · Aztec · Liquid Federation
Source: thecryptobasic.com
Written by Paparazzi with AI. Not financial advice.
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