Written Question·Foreign, Commonwealth and Development Office·UIN 44895

North Korea: Cryptocurrencies

Tabled: 8 April 2025

Answered: 28 April 2025

Question

Sir Iain Duncan Smith

Conservative — Chingford and Woodford Green

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what assessment he has made of the potential implications for his policies of the recent $1.5 billion cryptocurrency theft by North Korea; what steps he has taken to trace th

Answer

Catherine West

The UK Government is aware of reporting relating to the recent cyber activity linked to the Democratic People's Republic of Korea, involving the cryptocurrency exchange ByBit. The UK has been consistent in challenging malicious cyber activity carried out ...

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