- South Korean officials are seeking advice from crypto firms to combat North Korea’s crypto crimes.
- Representatives of the South Korean government have held discussions with crypto firms in the United States.
- South Korean media recently reported that North Korea had stolen crypto worth $700 million in 2022.
South Korean officials are reportedly conducting meetings with American crypto and cybersecurity firms over concerns surrounding the illicit activities of North Korea. Stolen crypto is reportedly being used by the Kim Jong-Un regime to fund its nuclear missile program and other weapons programs in North Korea.
According to a report by Nikkei Asia, South Korea’s special representative for Korean Peninsula Peace and Security Affairs, Kim Gunn, met with Virginia-based cybersecurity firm Mandiant to discuss how to prevent North Korean hackers from stealing crypto assets from individuals and corporate entities. Gunn happens to be South Korea’s point man for affairs related to the hostile northern country.
Kim Gunn also met executives from crypto intelligence firm Chainalysis in South Korea, to discuss the cyber tactics employed by North Korea to steal c…
The post South Korea Seeks Crypto Firms’ Advice To Combat North Korea’s Crimes appeared first on Coin Edition.
The post South Korea Seeks Crypto Firms’ Advice To Combat North Korea’s Crimes appeared first on Coin Edition.