#Crypto2025Trends December 26, 2024
South Korea sanctions 15 North Koreans for cryptocurrency theft and cyberattacks
The sanctioned agents were allegedly generating funds for North Korea's nuclear weapons development program.
North Korean hackers are being hunted by governments around the world who blame them for more than half the value of cryptocurrency stolen during 2024.
Hackers like the infamous Lazarus Group are prime suspects in some of the most notorious cyber thefts on the Web3, including the $600 million hack of the Ronin network.
South Korea is the latest country to impose sanctions against 15 members of a North Korean IT organization and a related group.
The sanctioned agents have allegedly obtained funding for North Korea's nuclear missile development program and the DPRK's Munitions Industry Department through "foreign foreign exchange-generating activities," according to a Dec. 26 press release from the South Korean Ministry of Foreign Affairs.
