South Korea Delays Binance Hack Sanctions Talks Against North Korea
The Foreign Ministry is reviewing possible cyber sanctions, but officials say they lack a full picture of the $6.3 billion theft, the FBI said.
- On October 31, the U.S. Federal Bureau of Investigation attributed the theft of more than $6 billion in cryptocurrency from Binance to North Korean hackers, identifying the operation as "TraderTraitor."
- Kim Yo-jong, sister of North Korean leader Kim Jong-un, rejected the allegations earlier this week, calling the accusation a "grave political provocation" against the North.
- Binance reported that approximately $2.85 billion in stolen cryptocurrency was frozen or intercepted through industry partnerships, as investigators tracked assets converted into Ethereum.
- A Unification Ministry official said on Thursday that the South Korean government has not begun discussing specific sanctions, citing incomplete understanding of the breach's circumstances.
- South Korea's Foreign Ministry continues reviewing broader cyber sanctions, though Unification Minister Chung Dong-young warns additional restrictions could provoke the North; Pyongyang meanwhile signaled willingness to negotiate if the United States adjusts hostile policies.
11 Articles
11 Articles
In desperate search of money from abroad, the Phenian tried everything from smuggling with ivory to exporting drugs. Now, as Binance discovered, he found a more profitable scheme, writes The Times. Throughout a large part of...
Ministry of Unification: "Exact Situation Not Yet Confirmed" Amid allegations that North Korea is behind the hacking of the virtual asset exchange Binance, the Ministry of Unification stated on the 5th that there have been no discussions within the government regarding sanctions against North Korea in relation to this incident. A Ministry of Unification official said on this day...
Researchers warned of North Korean hacking tactics years before record $6.3B Binance heist
Cybersecurity experts have long warned of the persistent and patient threat from North Korea's long-running hacks. The world's largest crypto exchange was still caught off-guard. This article has been indexed from Security News | TechCrunch Read the original article: Researchers warned of North Korean hacking tactics years before record $6.3B Binance heist The post Researchers warned of North Korean hacking tactics years before record $6.3B Bin…
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