Summary
- The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced that it has shut down North Korea's cryptocurrency money laundering network.
- OFAC reported that it targeted the network used for North Korea's cryptocurrency and cash exchanges in collaboration with the UAE.
- It emphasized that a UAE-based shell company and two Chinese individuals were involved in the network and have been blacklisted.
On the 17th (local time), according to cryptocurrency specialist media CoinDesk, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced that it has shut down a North Korean money laundering network that laundered millions of dollars.
OFAC stated, "North Korea is a leader in global cryptocurrency crime," and explained, "The network was used for North Korea's cryptocurrency and cash exchanges. We collaborated with the United Arab Emirates (UAE) to shut down the network."
Additionally, it was identified that a UAE-based shell company (Green Alpine Trading, LLC) supported North Korea's cryptocurrency and cash exchanges. Along with this, two Chinese individuals who have been involved in the network since 2022 were added to the blacklist.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
