US President Donald Trump said his administration is examining whether North Korean hackers were responsible for the $6.3 billion cyberattack on Binance, the world’s largest cryptocurrency exchange.
Speaking to reporters in the Oval Office on Friday, October 30, Trump was asked if North Korea was behind the attack. The company also shared an update on X, stating that around $3 billion in cryptocurrency had been frozen across blockchain networks.
He said the US had not reached a conclusion and was still examining the possibility. Following the attack, Binance temporarily stopped withdrawals and said it would cover the losses.
The exchange’s co-founder and former CEO, Changpeng Zhao, also received a presidential pardon from Trump in 2025.
Binance co-founder Yi He said withdrawals were expected to resume by Sunday. “They’re saying they’re guaranteeing it or something,” Trump said. Binance helped develop a stablecoin for a company co-founded by Trump and his sons, according to Bloomberg. Earlier this month, Trump said he was “not sure that anybody’s asking for a meeting.”
Zhao had earlier pleaded guilty to failing to maintain proper anti-money laundering controls at Binance.
