RATE Group | US Charges North Korea-Linked Chinese Nationals for Laundering Over $100 Million in Stol…
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US Charges North Korea-Linked Chinese Nationals for Laundering Over $100 Million in Stol…

07 Mar US Charges North Korea-Linked Chinese Nationals for Laundering Over $100 Million in Stol…

Posted at 10:46h in Cryptocurrency News by

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US Charges North Korea-Linked Chinese Nationals for Laundering Over $100 Million in Stolen Cryptocurrency

The U.S. government has charged two Chinese nationals involved in laundering stolen cryptocurrency worth $100 million from an exchange allegedly for the benefit of North Korea. They are linked to the U.S.-designated North Korean state-sponsored Lazarus Group. A total of 113 cryptocurrency accounts and addresses used to launder funds have been identified.

Also read: SEC Karate-Chops Steven Seagal Over Promoting Cryptocurrency Touted as the Next Gen Bitcoin

US Sanctions Two Chinese Nationals

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced Monday that it has sanctioned two Chinese nationals involved in laundering stolen cryptocurrency from an exchange.

Tian Yinyin (田寅寅) and Li Jiadong (李家东) “materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, a malicious cyber-enabled activity” and the Lazarus Group, the OFAC…

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