On August 27, 2025, the United States, Japan, and South Korea issued a joint declaration aimed at addressing cyber threats from North Korean IT personnel and their exploitation of cryptocurrency.
Joint Declaration
The joint declaration highlights the countries' commitment to countering threats posed by North Korean IT workers. This initiative aims to address alleged illicit activities, including cryptocurrency exploitation. Leading this effort are the foreign ministries and relevant agencies from the US, Japan, and South Korea, with key figures such as Jonathan Fritz and MIYAKE Fumito involved.
The actions against North Korean cyber threats may result in increased compliance requirements in the crypto industry. North Korean IT workers are known to target major crypto assets such as Ethereum and Bitcoin for laundering activities. This announcement may lead to tighter regulatory scrutiny impacting DeFi protocols and exchanges.
"The United States, Japan, and the Republic of Korea remain united in our efforts to counter the threat posed by North Korean IT workers," states a spokesperson for the U.S. Department of State.
This joint effort underscores the necessity for strengthened protective measures against cyber finance threats and the importance of high compliance standards in the crypto industry.
