US President Donald Trump addressed the reported $6.3 billion Binance hack during a press exchange at the White House on October 30. Asked whether North Korea was behind the attack, Trump said the US was still investigating the incident. He added that Binance had told him it expected to recover the stolen funds and had the situation largely under control, but said, “We’ll see.” Trump also expressed concerns about digital money, comparing online transactions with traditional paper checks. He said he had long considered digital payments somewhat dangerous because people can no longer physically see their money.
Was this writing helpful?
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.