Urgent.News

What's breaking now, across thousands of outlets.

World

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

As of now, the government has not initiated discussions regarding sanctions on North Korea in relation to its alleged theft of a substantial amount of cryptocurrency, according to a unification ministry official. The official stated that the government is still in the process of fully understanding the specifics of the hacking case, and consequently, a dialogue on how to address it has not commenced yet.

Both internal deliberations within the government and a comprehensive assessment of the situation are deemed necessary before any such discussions can take place, the official added.

The FBI recently attributed the theft of over $6 billion in cryptocurrency from Binance, the world's largest cryptocurrency exchange, to North Korea. However, Kim Yo-jong, the influential sister of North Korean leader Kim Jong-un, dismissed the accusation, labeling it a "grave political provocation" against North Korea. North Korea has been accused of cyber thefts in the past, but they consistently deny any involvement in such activities.

Separately, Unification Minister Chung Dong-young has expressed opposition to proposed sanctions against North Korea in connection with this 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.

This story

This is one outlet's version. Read the fullest account.

Read the original at koreatimes.co.kr →

More in World

More from Thursday 5 November →