Government Official Warns of Major International Security Implications from Cryptocurrency Theft

by LEE KEONHEE Posted : November 11, 2026, 14:52Updated : November 11, 2026, 14:52

Jeong Yeon-du, the South Korean government's chief nuclear representative, recently addressed the rise in cryptocurrency theft incidents, stating that they carry "significant implications for international security, not merely cybercrime."


According to the Ministry of Foreign Affairs, Jeong made these remarks on November 10 during the 'Korea-OSCE Cybersecurity Conference' held at the OSCE headquarters in Hofburg Palace, Vienna, in collaboration with the Organization for Security and Co-operation in Europe (OSCE).


He emphasized that as artificial intelligence (AI) evolves, cyberattacks utilizing AI could occur at unprecedented speeds and scales, necessitating a complete restructuring of cybersecurity paradigms to align with the AI era.


Meanwhile, a recent incident at Binance, the world's largest cryptocurrency exchange, resulted in the theft of $6.43 billion (approximately 8.6 trillion won) in digital assets. The FBI has identified North Korea as the likely perpetrator, although North Korea has denied these allegations.





* This article has been translated by AI.