U.S. sanctions 6 people, 2 companies that laundered $800 million in crypto for North Korea

The U.S. government has imposed sanctions on six individuals and two companies involved in laundering approximately $800 million in cryptocurrency for North Korea. The sanctions target entities that facilitated the transfer of illicit funds, aiding North Korea's nuclear weapons program. The U.S. Treasury Department highlighted that these actions are part of ongoing efforts to disrupt the financial networks supporting North Korea's illegal activities. The designated individuals and companies are accused of using sophisticated methods to obscure the origins of the funds. This move underscores the U.S. commitment to countering the financing of North Korean aggression.

Read the full article: CoinDesk