No Talks Yet on Sanctions Over N. Korea's Alleged Binance Theft
The South Korean government has not initiated discussions on sanctions regarding North Korea's alleged cryptocurrency theft.
The South Korean government has not initiated discussions on sanctions regarding North Korea's alleged cryptocurrency theft.
The South Korean government has yet to begin discussions on potential sanctions against North Korea following its alleged theft of over $6 billion in cryptocurrency from Binance, the world's largest cryptocurrency exchange.
An official from the unification ministry stated that the government has not fully grasped the circumstances surrounding the hacking incident, which has delayed any discussions on how to respond.
The U.S. Federal Bureau of Investigation (FBI) has attributed the theft to North Korea, which has previously been accused of cyber theft but consistently denies involvement.
In response to the allegations, Kim Yo-jong, sister of North Korean leader Kim Jong-un, dismissed the claims as a serious political provocation.
Meanwhile, the South Korean foreign ministry is reviewing various measures, including unilateral sanctions, to address North Korea's illicit cyber activities, although no decisions have been made yet.
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