Blockchain safety agency Chainalysis is strengthening its collaboration with South Korea’s nationwide police to crack down on crypto crimes, together with these involving North Korea.
Chainalysis said on Wednesday that it signed a memorandum of understanding with the Korean Nationwide Police Company (KNPA), geared toward constructing investigative functionality inside South Korea’s legislation enforcement.
Chainalysis mentioned one of many driving elements behind the settlement is to higher combat North Korea-linked crypto attackswith South Korea’s police “on the forefront” of tackling these threats. Nevertheless, Chainalysis’s nation director Ryan Kwon mentioned settlement goals to deal with all threats.
“Whereas North Korean-driven assaults are understandably a nationwide safety focus, this partnership isn’t designed round a single menace. It’s basically about constructing institutional functionality,” Kwon informed Cointelegraph.
Signing ceremony of the MoU between Chainalysis and the Korean Nationwide Police Company. Supply: Chainalysis
In April, crypto theft linked to North Korea topped $578 million, largely from assaults focusing on Kelp DAO and the Drift Protocol. Analysis from CrowdStrike discovered that North Korea-affiliated hackers had been liable for $2 billion in crypto losses in 2025, up 51% from the 12 months earlier than.
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The settlement will give the KNPA entry to personalised coaching content material by Chainalysis, together with skilled certification applications and sensible coaching.
“To analyze these instances successfully, Korean investigators want international visibility into illicit fund flows,” Chainalysis mentioned.
Chainalysis has aided South Korean investigators for years. In September, police in Seoul dismantled a world hacking group that had stolen roughly $30 million. The investigation started in South Korea however finally noticed investigators monitor the goal to Thailand.
The MoU comes weeks after South Korean police launched a particular multi-agency job drive to deal with crypto-based cash laundering, referred to as the Cash Laundering Eradication Job Drive, which is led by the Financial Crime Investigation Division.
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