🇰🇵 OFAC sanctions OTC traders who converted crypto for North Korea’s Lazarus group The United States Treasury Departme…

🇰🇵 OFAC sanctions OTC traders who converted crypto for North Korea’s Lazarus group

The United States Treasury Department has identified over-the-counter (OTC) cryptocurrency traders who assisted North Korea’s Lazarus Group in converting stolen crypto into fiat currency. Crypto traders in China and Hong Kong have been sanctioned by the Treasury’s Office of Foreign Assets Control (OFAC). In addition, a China-based banker was sanctioned for coordinating some of the illicit cashflow.

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