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US charges Chinese nationals with laundering cryptocurrency for North Korea
Two Chinese nationals helped North Korea launder $100 million worth of cryptocurrency stolen by state-sponsored hackers, according to the Department of Justice. They allegedly helped convert funds from North Korean hackers between December 2017 and April 2019 through various means, including exchanging bitcoin for Apple iTunes gift cards. Further, they operated in the US without registering with the Financial Crimes Enforcement Network. The accused, Tian Yinyin and Li Jiadong, were charged with money laundering conspiracy and operating an unlicensed money transmitting business.
