U.S. law enforcement agencies are known to have seized $4.4 million in assets linked to North Korea. The world’s largest cryptocurrency exchange said it cooperated with US law enforcement in this regard. Reporter Jo Eun-jeong reports.
Binance, the world’s largest cryptocurrency exchange, said on the 24th that it was “proud to assist US law enforcement agencies in seizing and freezing accounts of $4.4 million linked to organized crime in North Korea.”
We are proud to have assisted US law enforcement in seizing $4.4M and freezing accounts linked to North Korean organized crime. Kudos to our law enforcement partners and the Binance Investigations team for their unwavering commitment to combating crime worldwide.
— Binance (@binance) May 24, 2023
Binance said on its Twitter account that day, posting a press release from the US Treasury Department regarding cyber sanctions against North Korea.
“We work closely with authorities around the world every day to prevent crime and take action against malicious actors.”
A Binance spokesperson responded to VOA’s request for comment on the 25th, saying, “We have no further comment beyond what US law enforcement authorities have disclosed about account details.” I confirm that we took action against the account a year ago.”
[바이낸스 대변인] “We have nothing more to add beyond what U.S. law enforcement has disclosed about account details. We can confirm that Binance took action against accounts connected to these individuals over a year ago in compliance with lawfully served warrants. Binance has a policy of cooperation and compliance with all lawful information requests and legal inquiries from government, local regulatory, and law enforcement authorities pertaining to investigations, prosecutions, and forfeiture actions.”
“Binance has a policy of cooperating with and complying with all lawful information requests and legal inquiries from governments, local regulatory authorities and law enforcement authorities related to investigations, prosecutions and confiscation measures.”
VOA inquired about the seizure of $4.4 million in North Korean assets from the Treasury Department, but did not receive a response.
See also: US and South Korea implement ‘cyber sanctions’ against North Korea… Overseas IT manpower activities ‘Jeong Aim’
Earlier, on the 23rd, the Treasury Department sanctioned one individual and four entities involved in malicious cyber activities and financing necessary to develop North Korea’s illegal weapons program.
The institutions subject to sanctions are the Jinyeong Information Technology Development Cooperation Company, an IT company under the North Korean Ministry of National Defense, the Technical Reconnaissance Bureau under the General Bureau of Reconnaissance, its affiliated organization, ‘110 Lab (LAB 110)’, and four institutions, namely Pyongyang Automation University, also known as ‘Mirim University’. no see.
Personally, Kim Sang-man, general manager of Jinyoung Information Technology Development Cooperation Company (Jinyoung), was on the list of sanctions.
This sanctions is characterized by targeting North Korea’s overseas information technology (IT) manpower.
Ministry of Finance, Kim Sang-man, 6 virtual currency accounts disclosed
In addition, the Ministry of Finance disclosed six related virtual currency account numbers and wallet addresses.
Owned by Kim Sang-man, general manager of Jinyoung Information Technology Development Cooperation, these accounts are: 2 Bitcoin (BTC) accounts, 2 Ethereum (ETH) accounts, 1 Tether (USDT) account, and 1 USD coin (USDC) account. .
According to this measure, Kim Sang-man’s account is frozen, and American transactions with the account are also prohibited.
This is Cho Eun-jung from VOA News.
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2023-05-25 20:24:29
