The US has charged two Chinese nationals with laundering over USD 100 million worth of cryptocurrency from an exchange of the virtual currency which was hacked.
The funds were stolen by North Korean actors in 2018.
In the two-count indictment unsealed Monday in the District of Columbia, Tian Yinyin and Li Jiadong were charged with money laundering conspiracy and operating an unlicensed money transmitting business, the Department of Justice said.
“The hacking of virtual currency exchanges and related money laundering for the benefit of North Korean actors poses a grave threat to the security and integrity of the global financial system,” said US Attorney Timothy J Shea of the District of Columbia.
“North Korea continues to attack the growing worldwide ecosystem of virtual currency as a means to bypass the sanctions imposed on it by the United States and the United Nations Security Council. IRS-CI is committed to combatting the means and methods used by foreign and domestic adversaries .
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