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BlockBeats News, Nov. 4: Binance founder CZ reposted a lengthy article, calling it “another attack on Binance.” According to the article, from 05:00 on Oct. 30 to 20:00 on Nov. 2, over roughly 78 hours, 1,083 accounts published 11,700 hostile posts about the theft of Binance’s hot wallet, generating about 20.93 million impressions. Replies made up 79.6% of the posts, and 3,354 were identified as misinformation, falling into 15 categories of rumors. The article argues that alongside the genuine security incident, coordinated narrative manipulation with distinct timing and roles also emerged on X. The themes shifted with Binance’s response, including claims of an insider, insolvency, “the next FTX,” reluctance to open withdrawals, a bank run as soon as withdrawals opened, and exaggerated net outflows.

BlockBeats News, Nov. 3: According to the Korean Central News Agency, Kim Yo Jong, a department director of the Workers’ Party of Korea Central Committee, said that the U.S. blaming North Korea for the theft from Binance, the world’s largest cryptocurrency exchange, was an “absurd claim” and not the first of its kind. The FBI is trying to brand North Korea a “cybercrime state” on the grounds that a hacker group allegedly “backed” by North Korea was involved in the incident. This is a serious political provocation that misleads international public opinion and yet another grave violation of North Korea’s sovereignty.
North Korea said the FBI had previously determined that the North Korea-linked hacker group TraderTraitor was responsible for the theft of more than $6 billion in assets from Binance. The current U.S. administration has announced that it will seize illicitly stolen crypto assets and use them as a national strategic reserve. It said that taking a close look at who would receive the so-called stolen cryptocurrency once recovered might offer clues as to who was behind the hacking incident.