South Korea Has Not Begun Sanctions Talks Over Binance Theft

South Korea has not begun discussing sanctions over the Binance theft, which the FBI attributed to North Korea and said involved more than $6 billion in cryptocurrency. A South Korean government official said Thursday, Nov. 5, that the government did not yet have a complete account of the incident. Officials continued to share information and discuss the matter internally, but had not reached the point of considering a response, the official said. The FBI said last week that North Korea was responsible for stealing more than $6 billion in cryptocurrency from Binance. The North Korean leader’s sister rejected the accusation earlier this week, describing it as a serious political provocation. North Korea has faced cyber theft accusations before and has repeatedly denied involvement.

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