South Korea has not begun discussing whether to impose sanctions over North Korea’s alleged theft of cryptocurrency from Binance, according to Yonhap News Agency, which cited an official from the country’s Unification Ministry. The official said the government has not yet fully identified the details of the hacking incident and that no formal response talks have started.
The comment came after the U.S. Federal Bureau of Investigation said North Korea was responsible for stealing more than $6 billion in cryptocurrency from Binance, described in the report as the world’s largest crypto exchange. The case has drawn political pushback from Pyongyang. Kim Yo Jong, the sister of North Korean leader Kim Jong Un, denied the accusation earlier this week and called it a "serious political provocation" against North Korea.
The South Korean official added that information still needs to be shared across the government before internal discussions can move forward.
South Korea has not started discussing whether to impose sanctions over North Korea’s alleged theft of cryptocurrency from Binance, Yonhap News Agency reported, citing an official from the country’s Unification Ministry.
The official said the South Korean government has not yet fully grasped the details of the hacking incident, and related response discussions have not begun. Information still needs to be shared within the government before talks can proceed, the official added.
Earlier, the U.S. Federal Bureau of Investigation (FBI) said North Korea was responsible for stealing more than $6 billion in cryptocurrency from Binance, described in the report as the world’s largest crypto exchange.
Kim Yo Jong, the sister of North Korean leader Kim Jong Un, denied the allegation earlier this week, calling it a "serious political provocation" against North Korea.
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