The South Korean government has sought advice from cryptocurrency companies to crack down on cryptocurrency crimes in North Korea. North Korea is accused of stealing $700 million worth of crypto assets to use in weapons programs such as its nuclear missile program.

South Korean officials held a meeting with U.S. cryptocurrency and cybersecurity firms to discuss concerns about illicit North Korean activity.

They have also hired technology companies such as Google to help fight such crimes. These activities cause economic losses to individuals and businesses and demonstrate the threat posed to information technology systems worldwide.