General World News

Two Chinese Nationals Charged With Laundering $100M in Stolen Cryptocurrency

Two Chinese nationals have been charged by U.S. prosecutors with laundering more than $100 million worth of cryptocurrency that had been stolen by North Korean hackers in 2018.

Tian Yinyin and Li Jiadong face charges of money laundering, conspiracy and operating an unlicensed money transmitting business, according to an indictment unsealed Monday.

U.S. authorities say North Korean hackers stole nearly $250 million from a virtual currency exchange in 2018 before laundering the money through hundreds of transactions in order to make the theft difficult to trace. The hackers are allegedly behind the theft of about $50 million from a South Korean virtual read more >>>

Source:: VOANews.Com