TechFlow reported on November 7 that South Korea's Vice Foreign Minister Kim Ji-na said the country may adjust its sanctions framework against North Korea in response to its cryptocurrency theft threats.
Previously, the U.S. Treasury imposed sanctions on eight North Korean bankers and two entities, accusing them of using cryptocurrency to launder money in support of nuclear weapons development.
North Korea has stolen approximately $2.84 billion in cryptocurrency since January 2024, with some funds directed toward its nuclear weapons program. Kim emphasized that coordination between South Korea and the United States is crucial in countering North Korea's digital threats, noting that South Korea has previously imposed unilateral sanctions on North Korea in line with U.S. actions.
