South Korea's police agency, Chainalysis expand cooperation on crypto crime

Blockchain analysis firm Chainalysis announced on its official blog yesterday that it is expanding its cooperation with South Korea's National Police Agency to enhance the crackdown on cryptocurrency crime. The announcement follows the signing of a memorandum of understanding (MOU) between the two parties on April 22. Chainalysis identified responding to North Korea-linked cryptocurrency attacks as one of the key drivers behind the agreement. However, in an interview with Cointelegraph, Ryan Kwon, Chainalysis's head for Korea, clarified that the partnership is not designed with only one specific threat in mind, despite the importance of North Korea-related attacks to national security. He stated that the core objective is to enhance the overall capabilities of law enforcement agencies.