South Korea's MOFAkr_eng has blacklisted four North Korean individuals and seven institutions that allegedly financed 'nuclear and missile development' with illegal cyber activities, including crypto theft. iamsandali reports.
was also involved in a $600 million hack last March.
The South Korean sanctions targeted individuals with suspected ties to Lazarus. The individuals named include Park Jin-hyeok of the Chosun Expo joint venture company,The seven institutions targeted for sanctions allegedly participated in cyberattacks"such as hacking and theft of virtual assets" or training cyber experts, the notice said.
Under regulations, it's forbidden to trade crypto with a blacklisted entity without prior permission from South Korea's Financial Services Commission, the notice added. Crypto transactions are included in the country's regulations prohibiting the financing of terrorism.
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