DoJ, Treasury accuses 3 men of laundering crypto for North Korea

The US government is aggressively pursuing three men accused of wide-ranging and complex conspiracies of laundering stolen and illicit cryptocurrency that the North Korean regime used to finance its massive weapons programs. The Department of Justice (DoJ) this month indicted North Korean national Sim Hyon Sop, Wu HuiHui of China, and Cheng Hung Man, a Hong Kong British national, for their roles in two money laundering conspiracies, both aimed at channeling funds into North Korea’s coffers.

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