U.S. Charges 2 Chinese Nationals with Laundering Cryptocurrency from N. Korean Exchange Hack

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Saturday, March 21, 2020
Author: 
Bruce Zagaris
Volume: 
36
Issue: 
3
Abstract: 

On March 2, 2020, the United Department of Justice unsealed a two-count indictment in the District of Columbia, charging two Chinese nationals with laundering more than $100 million worth of cryptocurrency from a hack of a cryptocurrency exchange.[1] A civil forfeiture complaint also unsealed on March 3 alleges that North Korean actors stole the funds in 2018.[2]