North Korea denies it was behind $6.4B Binance hack

North Korea denies the $6.4 billion Binance hack and Tether discloses its Bitcoin stash. This is CoinDesk Daily. Want trusted crypto research? Check out The Stack, Grayscale's blog. Visit grayscale.com slash the stack. Kim Yo-jong, the sister of North Korean leader Kim Jong-un, has denied that Pyongyang was behind the $6.4 billion Binance hack, calling the FBI's attribution a political attack on her country. Her denial comes days after the FBI tied the October 29 theft to Trader Trader, a North Korean hacking group. But blockchain analytics firm Elliptic is rejecting that denial, telling CoinDesk the on-chain evidence links the theft to the DPRK. Thank Elliptic says $2.85 billion of the stolen funds has already been frozen or seized. Tether now holds about 150,000 Bitcoin worth roughly $11.5 billion, according to CEO Paolo Arduino. That's around 50,000 more than the holdings implied by the company's latest reserve report. He didn't say when the extra coins were held you. or when they were bought, so this isn't a fresh 50,000 Bitcoin purchase. Tether has committed to putting up to 15% of its profits into Bitcoin And Brazilian crypto exchange Mercado Bitcoin says it will cover a $40 million loss from Monday's hack and expects customers to lose nothing. The attack drained hot wallets across at least 10 blockchains, forcing the exchange to temporarily suspend its platform. About $11 million has since been frozen with help from Tether, Circle and Chainalysis. Get more updates on CoinDesk.com. Want trusted crypto research? Check out The Stack, Grayscale's blog. Visit grayscale.com slash the stack.