China’s Foreign Ministry responds to North Korea attribution in Binance hack: “We’re not familiar with the situation,” says Beijing; attribution dispute remains unresolved
- On the afternoon of November 2, Chinese Foreign Ministry spokesperson Mao Ning hosted a regular press conference. A Yonhap News Agency reporter asked: On October 31, the U.S. Federal Bureau of Investigation (FBI) identified North Korea as the mastermind behind the theft of approximately $6.3 billion from Binance. Trump said that if this is true, he would discuss it with North Korea. What is China’s view? Mao replied: “As for your second question, we’re not familiar with the situation.”
- At the same press conference, Mao also commented on North Korea’s October 31 tactical ballistic missile test: China has noted the reports, as well as North Korea’s repeated statements in recent days regarding the military activities of the U.S., South Korea, and Japan. China hopes the relevant parties will face up to the root causes of the Korean Peninsula issue and stay committed to the overall direction of a political solution.
- Background: On October 31, the FBI formally attributed the Binance hack to North Korea’s TraderTraitor, saying the stolen funds are being converted mainly into ETH and are expected to be laundered further through DeFi and instant exchange services. Binance said it has replenished about 95% of the stolen assets and fully restored withdrawals across the first 15 networks. A full proof of reserves is expected to be published before November 3. At the time of this review, BTC was trading around $78,000.
- Possible impact: The official response neither denied the claim nor escalated the matter, so it adds no direct shock to the market in the short term. However, the gap between the U.S. attribution and China’s “not familiar with the situation” suggests that sanctions, asset freezes, and recovery efforts will remain in focus. Exchange security and compliance continue to be hidden sources of market volatility.
My view: $BTC is short-term neutral, as China’s response did not escalate the situation, while Binance’s replenishment and restoration of withdrawals have already been completed. However, the attribution dispute and recovery efforts are still unresolved, and volatility risks remain.
$BTC $BNB
#币安 #黑客事件 #Geopolitics
Source: Regular Foreign Ministry press conference reported by The Paper at 15:34 on November 2; the FBI attribution on October 31 and Binance’s replenishment and withdrawal restoration updates were covered in earlier posts. For reference only; this is not investment advice.
What do you think? After the U.S. attribution, will the next key variable be asset recovery and freezing, or a new round of sanctions? Tap the tag to view real-time market prices.
- On the afternoon of November 2, Chinese Foreign Ministry spokesperson Mao Ning hosted a regular press conference. A Yonhap News Agency reporter asked: On October 31, the U.S. Federal Bureau of Investigation (FBI) identified North Korea as the mastermind behind the theft of approximately $6.3 billion from Binance. Trump said that if this is true, he would discuss it with North Korea. What is China’s view? Mao replied: “As for your second question, we’re not familiar with the situation.”
- At the same press conference, Mao also commented on North Korea’s October 31 tactical ballistic missile test: China has noted the reports, as well as North Korea’s repeated statements in recent days regarding the military activities of the U.S., South Korea, and Japan. China hopes the relevant parties will face up to the root causes of the Korean Peninsula issue and stay committed to the overall direction of a political solution.
- Background: On October 31, the FBI formally attributed the Binance hack to North Korea’s TraderTraitor, saying the stolen funds are being converted mainly into ETH and are expected to be laundered further through DeFi and instant exchange services. Binance said it has replenished about 95% of the stolen assets and fully restored withdrawals across the first 15 networks. A full proof of reserves is expected to be published before November 3. At the time of this review, BTC was trading around $78,000.
- Possible impact: The official response neither denied the claim nor escalated the matter, so it adds no direct shock to the market in the short term. However, the gap between the U.S. attribution and China’s “not familiar with the situation” suggests that sanctions, asset freezes, and recovery efforts will remain in focus. Exchange security and compliance continue to be hidden sources of market volatility.
My view: $BTC is short-term neutral, as China’s response did not escalate the situation, while Binance’s replenishment and restoration of withdrawals have already been completed. However, the attribution dispute and recovery efforts are still unresolved, and volatility risks remain.
$BTC $BNB
#币安 #黑客事件 #Geopolitics
Source: Regular Foreign Ministry press conference reported by The Paper at 15:34 on November 2; the FBI attribution on October 31 and Binance’s replenishment and withdrawal restoration updates were covered in earlier posts. For reference only; this is not investment advice.
What do you think? After the U.S. attribution, will the next key variable be asset recovery and freezing, or a new round of sanctions? Tap the tag to view real-time market prices.
