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BackUS calls for coordinated action against N. Korean cyber threats following Binance hack
US calls for coordinated action against N. Korean cyber threats following Binance hack
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Korea Herald14 minutes agoPolitics2 min readSouth Korea

US calls for coordinated action against N. Korean cyber threats following Binance hack

State Department urges enforcement of sanctions following FBI attribution of cryptocurrency theft to North Korean actors

Quick Look

The United States called for international cooperation to combat North Korea's illicit cyber activities following a massive cryptocurrency theft involving Binance, with the State Department urging all UN member states to enforce existing sanctions and prevent Pyongyang from funding weapons programs.

AI-generated summary

Why It Matters

The US Federal Bureau of Investigation attributed a massive cryptocurrency theft involving Binance to North Korean actors, prompting US calls for international cooperation and sanctions enforcement.

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The United States on Saturday called for international cooperation to combat North Korea's illicit cyber activities following a massive cryptocurrency theft involving Binance.

"Particularly in light of the recent hack of Binance, it is critical for governments to work together and do their own part to mitigate the DPRK cyber threat and curb illicit DPRK revenue generation," a State Department spokesperson told Yonhap News Agency in a written response.

DPRK stands for the Democratic People's Republic of Korea, North Korea's official name.

The remarks were made in response to an inquiry about potential coordination between Washington and Seoul on additional sanctions following the US Federal Bureau of Investigation's attribution of the cryptocurrency theft to North Korean actors.

The spokesperson also emphasized the importance of enforcing existing international sanctions and taking measures to prevent Pyongyang from financing its weapons programs.

"We expect all UN member states to enforce existing sanctions and take proactive measures to prevent the DPRK from funding its unlawful WMD and ballistic missile programs," the spokesperson said.

"Coordinated unilateral sanctions continue to be a strong tool to prevent the flow of money that supports the proliferation of weapons," the spokesperson added.

The remarks came after a South Korean unification ministry official said Thursday that Seoul had not yet begun discussing sanctions over the incident because the circumstances surrounding the theft had not been fully established.

South Korea's foreign ministry separately said it was internally reviewing possible additional measures, including unilateral cyber sanctions, but that no decision had been made.

The State Department did not directly address whether Washington had shared investigative findings with Seoul or held bilateral discussions on additional sanctions in connection with the incident. (Yonhap)

What to Watch

AI outlook โ€” possibilities, not facts

  • South Korea will make a decision on additional measures including unilateral cyber sanctions

    Possible ยท Within weeks

Open Questions

  • Whether Washington has shared investigative findings with Seoul
  • Whether bilateral discussions on additional sanctions have been held
  • The specific circumstances surrounding the theft
  • Whether South Korea will impose unilateral cyber sanctions

Related Topics

This article was originally published by Korea Herald.

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