Trump: Monitoring the Binance Hack, Unclear Whether North Korea Was Responsible

TechFlow news, Oct. 31, According to Bloomberg, US President Trump said he is monitoring the Binance hack. According to C-SPAN live video, on local time Oct. 30, while meeting an American citizen previously detained by Russia in the White House Oval Office, Trump responded to a reporter's question. Asked whether the attack should be attributed to North Korean hacking groups, he said: 'We don't know, we are investigating this matter.'

Asked whether the stolen funds could be recovered, Trump said Binance indicated it would recover the funds and provide assurances, 'They said they have basically gotten the situation under control,' but he also said people can no longer see the actual funds and he has always felt that this is 'a little dangerous.'

TechFlow previously reported that Binance suffered a security incident this week, affecting approximately $6.3 billion in assets. On-chain analytics firms including TRM Labs attributed it to the North Korean hacking group TraderTraitor.

Source: TechFlow