G7 to Discuss North Korea's Virtual Asset Hacking Issue at June Summit

JH Kim

Summary

It was reported that the G7 summit will address North Korea's virtual asset hacking issue as a major agenda item.
North Korean hackers have been found to be stealing virtual assets to evade sanctions and fund weapons of mass destruction.
G7 is expected to strengthen international cooperation to block illegal funding, it was reported.

On the 7th (local time), Bloomberg reported that G7 leaders are expected to address North Korea's hacking and virtual asset (cryptocurrency) theft issues as a major agenda item at the summit to be held in mid-June in Alberta, Canada.

North Korean hackers have recently been found to be stealing billions of dollars worth of virtual assets from companies and exchanges, using them as a key means to evade sanctions and fund weapons of mass destruction.

Meanwhile, G7 is expected to strengthen international cooperation to block illegal funding through virtual assets at the meeting.