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No talks yet on sanctions over N. Korea's alleged Binance theft: unification ministry official

The government has not begun discussing sanctions on North Korea over its alleged theft of a massive amount of cryptocurrency, a unification ministry official said Thursday. "As of now, the government has not fully grasped the exact circumstances of the hacking case, so a discussion on how to respond to it has not even begun," the official told reporters at the government complex in Seoul.…

No talks yet on sanctions over N. Korea's alleged Binance theft: unification ministry official

No discussions have commenced regarding sanctions against North Korea in response to the alleged theft of a large sum of cryptocurrency, according to a unification ministry official. The official, speaking to reporters at the government complex in Seoul, emphasized that a thorough understanding of the hacking incident is still pending.

Consequently, the government has not yet moved forward with any plans to discuss or implement sanctions. The official highlighted the necessity for internal sharing and debate within the government before taking any such actions.

Previously, the U.S. Federal Bureau of Investigation (FBI) attributed the theft of over $6 billion in cryptocurrency to North Korea from Binance, the world's leading cryptocurrency exchange. However, Kim Yo-jong, the influential sister of North Korean leader Kim Jong-un, dismissed the allegation as a "grave political provocation" against North Korea.

North Korea has a history of attributing cyber thefts to itself and consistently denies any involvement in such incidents. Unrelated to the current sanctions discussion, Unification Minister Chung Dong-young has previously expressed opposition to proposed sanctions against North Korea over the mentioned incident.

Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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