Chainalysis, South Korean police link up to fight crypto crime
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Chainalysis signed a memorandum of understanding with the Korean National Police Agency to provide training and certification for crypto crime investigations.
- Korean National Police Agency will receive personalized training content, professional certification programs, and practical training from Chainalysis under the MoU.
- Chainalysis emphasizes that Korean investigators need global visibility into illicit fund flows to investigate crypto crime effectively.
- South Korean police dismantled an international hacking organization in September that had stolen approximately $30 million, tracking the target to Thailand.
- South Korean police launched a Money Laundering Eradication Task Force, a multi‑agency effort led by the Economic Crime Investigation Division, weeks before the MoU.
- North Korea was linked to $578 million in crypto theft in April, targeting Kelp DAO and the Drift Protocol.
- CrowdStrike reported North Korea‑affiliated hackers caused $2 billion in crypto losses in 2025, a 51 % increase from the previous year.
Why it matters: The agreement equips South Korean investigators with global‑visibility tools and certified training, strengthening their ability to trace illicit crypto flows and disrupt thefts like the $578 million North Korean attacks. As enforcement capacity rises, illicit actors face tighter scrutiny while victims of crypto fraud gain a more effective recourse.
Ask SkimNews
