S. Korea should deepen work with US, Japan on sanctions against NK after Binance theft: expert
WASHINGTON — A U.S. cryptocurrency expert on Thursday called for South Korea to strengthen cooperation with the United States and Japan through unilateral and multilateral sanctions to counter North Korean cryptocurrency theft, including a recent major incident involving Binance. "South Korea should also deepen joint work with the United States and Japan to put additional pressure on North…
A South Korean cryptocurrency expert has urged the nation to enhance collaboration with the United States and Japan through unilateral and multilateral sanctions to address North Korean cryptocurrency theft, following a recent significant incident involving Binance. According to Ari Redbord, the global head of policy at U.S. blockchain intelligence firm TRM Labs, Korea should intensify joint efforts with the U.S. and Japan to exert greater pressure on North Korea.
The U.S. Federal Bureau of Investigation has attributed the theft of over $6 billion in cryptocurrency from Binance to North Korea. However, Pyongyang has rejected these allegations, describing them as a "grave political provocation" against the country. Redbord emphasized that pressure on North Korea should take the form of multilateral and unilateral sanctions, diplomatic actions, and efforts against the Chinese money laundering networks that North Korea relies on.
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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