# South Korea Has Not Begun Sanctions Talks Over Binance Theft

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/49944
Published: 2026-11-06T07:57:40.000Z
Updated: 2026-11-06T07:57:40.000Z
Section: Regulation

> A South Korean official said the government still lacks a full account of the incident. The FBI has attributed the theft to North Korea.

South Korea has not begun discussing sanctions over the Binance theft, which the FBI attributed to North Korea and said involved more than $6 billion in cryptocurrency.

A South Korean government official said Thursday, Nov. 5, that the government did not yet have a complete account of the incident. Officials continued to share information and discuss the matter internally, but had not reached the point of considering a response, the official said.

The FBI said last week that North Korea was responsible for stealing more than $6 billion in cryptocurrency from Binance. The North Korean leader’s sister rejected the accusation earlier this week, describing it as a serious political provocation. North Korea has faced cyber theft accusations before and has repeatedly denied involvement.