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South Korea Considers Sanctions Over North Korean Crypto Thefts Amid Nuclear Funding Concerns
South Korea Considers Sanctions Over North Korean Crypto Thefts Amid Nuclear Funding Concerns
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BTCCSquare news:
Seoul is weighing new penalties against Pyongyang as state-backed hackers escalate cryptocurrency thefts to fund nuclear programs. Second Vice Foreign Minister Kim Ji-na confirmed the measures on November 6, highlighting collaboration with the U.S. after Washington sanctioned two North Korean entities and eight individuals tied to crypto laundering.
North Korea’s hacking operations remain a formidable threat—decentralized, rapid, and nearly untraceable. Under Secretary John Hurley emphasized the regime’s reliance on stolen digital assets, urging an end to treating blockchain networks as weapons factories. South Korea awaits further U.S. coordination details but aligns with Washington’s stance.
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