North Korea says international sanctions do not work after $6.3bn Binance breach
The statement came a day after reports linked North Korea to the largest heist in history. Tether has frozen $971m in assets related to the incident.
Key takeaways
- 1North Korea stated on 30 October 2026 that international sanctions do not work.
- 2The statement followed a $6.3bn security breach at Binance attributed to North Korea.
- 3Tether froze $971m in USDT connected to suspicious transfers on 29 October.
North Korea announced on 30 October 2026 that international sanctions against the country do not work, according to a report by Watcher Guru. The statement was issued one day after reports attributed a $6.3 billion security breach at Binance, the world's largest cryptocurrency exchange, to North Korean operatives.
Watcher Guru reported that the comment directly followed the incident, which has been identified as the largest heist in history. CNN previously reported that North Korea was behind the cyberattack targeting Binance, raising fresh concerns over international sanctions enforcement against state-backed hackers.
As reported by YourKhabri on 30 October, stablecoin issuer Tether froze $971 million in USDT linked to suspicious onchain transfers connected to the incident on 29 October. Binance itself has not yet confirmed whether a platform exploit took place.
Market participants and cybersecurity analysts are now watching for further disclosures from Binance regarding the status of user funds and system security. Enforcement agencies and blockchain analytics firms continue to monitor wallet addresses linked to the frozen funds and remaining illicit flows.
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Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.