South Korea plans to submit a bill to track and freeze illicit cryptocurrencies and virtual assets in North Korea, according to several people familiar with the matter.
The latest version of the bill, which was first announced in Nov. 22, includes measures to track and freeze virtual currency and other crypto assets stolen by North Korea through hacking.
South Korea’s intelligence service reported that North Korea stole 1.7 trillion won ($1.28 billion) worth of bitcoin and ethereum through various hacking groups in 2022 alone.