Two Chinese charged laundering North Korean cryptocurrency

SEOUL (Reuters) – The US Justice Department charged two Chinese nationals with laundering more than $100 million in cryptocurrency on behalf of North Korea, in court filings that detail Pyongyang’s use of hackers to circumvent sanctions. According to an indictment filed in federal court in Washington, D.C., and unsealed on Monday, the two Chinese allegedly laundered cryptocurrency stolen by North Korean hackers between December 2017 and April 2019, helping to hide the stolen currency from police. At least some of those funds were eventually used to help pay for the infrastructure in North Korea used to launch cyberattacks, according to the documents. The same North Korean hackers were linked to a November 2019 attack on a South Korean virtual exchange that netted the hackers more than $48 million in stolen cryptocurrency. The United States last year charged American digital currency expert Virgil Griffith with helping North Korea use cryptocurrency and blockchain technology to evade US sanctions, after he attended a 2019 North Korean cryptocurrency conference.

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