RATE Group | US indicts 2 Chinese in laundering case
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US indicts 2 Chinese in laundering case

US indicts 2 Chinese in laundering case

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The United States has charged two Chinese nationals with laundering millions of dollars of stolen cryptocurrency linked to North Korea.

The US Justice Department says the two accused allegedly helped convert about 100 million dollars’ worth of cryptocurrency that North Korean hackers obtained through cyber-attacks. One of the means the accused used was to purchase prepaid gift cards with the cryptocurrency.
The two Chinese nationals are thought to be in China.

The Justice Department says North Korean hackers stole 250 million dollars from a virtual currency exchange in 2018.

The US Treasury Department has also imposed sanctions on the two Chinese nationals.

A United Nations panel of experts reported last year that the North is believed to have illegally obtained up to two billion dollars from foreign financial institutions and virtual currency exchanges through…

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