2 Chinese Charged with Laundering $100 Million for North Korean Hackers

Two Chinese nationals have been charged by the US Department of Justice (DoJ) and sanctioned by the US Treasury for allegedly laundering $100 million worth of virtual currency using prepaid Apple iTunes gift cards.

According to a newly unsealed court document, the illicit funds originated from a $250 million haul stolen from two different unnamed cryptocurrency exchanges that were perpetrated by Lazarus Group, a cybercrime group with ties with the North Korean government.

The two individuals in question — Tian Yinyin (田寅寅) and Li Jiadong (李家东) — were both charged with operating an unlicensed money transmitting business and money laundering conspiracy.




By Ravie Lakshmanan.
Full story at The Hacker News.