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Tuesday 3 March 2020
US charges Chinese pair for laundering $100M in stolen crypto for North Korea
US authorities have accused two Chinese nationals of laundering more than $100 million worth of stolen cryptocurrency for a hacking outfit linked to North Korea. According to docs unsealed Monday, the US Treasury Department and the Department of Justice sanctioned and indicted Tian Yinyin and Li Jiadong, charging them with serving in an elaborate criminal network in support of the DPRK’s “cyber heist” program. In total, police say the pair, who charged a fee for their services, successfully cashed out $34 million in Chinese yuan via bank accounts. They’re also said to have bought $1.4 million worth of Apple iTunes gift…
This story continues at The Next Web