Trump on Binance Hack: 'We Don't Know, We Are Looking Into It'

U.S. President Donald Trump stated that the administration is looking into whether the hacking attack on Binance, the world's largest cryptocurrency exchange, was the work of North Korea.

During a Q&A with White House reporters on local time yesterday (October 30), President Trump answered "We don't know, we are looking into it" when asked whether the Binance hacking incident is attributed to a North Korean hacker group.

Regarding whether the stolen funds can be recovered, President Trump said, "They say they're going to get it back," explaining that Binance indicated it has the situation under control.

He added that he has personally considered cryptocurrency to be somewhat risky.

The hacking incident that occurred at Binance on the 29th resulted in the unauthorized withdrawal of 6.3 billion dollars in virtual assets, equivalent to about 8.4 trillion won, marking the largest single-entity hacking scale in the cryptocurrency industry's history.

Industry insiders have pointed to the elite North Korean hacking organization TraderTraitor as the mastermind behind the attack.

The U.S. Federal Bureau of Investigation (FBI) and the Secret Service have also launched investigations, drawing attention to whether this hacking incident will impact dialogue between North Korea and the United States.

While no official investigative results have been released yet confirming that North Korea is behind the hack, given the massive scale of the damage, projections suggest that confirmation of North Korean involvement could become a negative variable for the resumption of North Korea-U.S. talks.

(Reported by Kim Hyeong-rae | Video by Na Hong-hee | Graphics by Lee Jung-joo | Produced by SBS Digital News)
※ Please note: This article was translated by AI and may contain errors.