Binance co-founder Yi He denies North Korean spy romance claim
The denial follows rumors linking the $6.3bn hack to a personal relationship between an engineer and an operative, a story Degen News said was never made by analyst ZachXBT.
Key takeaways
- 1Binance manages $171bn in assets under management
- 2The hack attributed to North Korea cost $6.3bn, with Tether freezing $971m in USDT
Binance co-founder Yi He denied claims on 1 November that a Binance engineer had a romance with a North Korean spy before the platform's security breach. He stated the story was dramatic but untrue.
Degen News reported the denial and clarified that analyst ZachXBT did not make such allegations. The outlet described the circulating narrative as false and noted Yi He's response aimed to stop the speculation.
Binance is the world's largest crypto exchange, managing $171bn in assets. YourKhabri reported on 30 October that North Korea attributed a $6.3bn breach to its hackers, leading Tether to freeze $971m in USDT. The FBI and Secret Service are investigating the incident.
The denial seeks to separate Binance's leadership from espionage narratives that may draw regulatory attention. Traders will watch for further statements from Binance and updates from federal investigators, as reputational pressure affects user confidence and liquidity.
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