U.S and UAE Crack Down on North Korea’s Illicit Crypto Network

Quick Summary:

Treasury Department, in coordination with the UAE, has imposed sanctions on two Chinese nationals and a UAE-based company for their involvement in laundering millions in cryptocurrency for North Korea.

This action underscores the U.S.commitment to countering financial networks that support North Korea’s illicit activities.

High-profile cybercrime groups, such as the Lazarus Group, have been responsible for significant heists, including the $600 million Ronin Network breach in 2022.

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Article Details

Author / Journalist: Sindhu

Category: Crypto

Markets: United Arab EmiratesNorth KoreaUnited States

Topics: U.S OFAC Market News UAE

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 06:27:42 (17 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 315 words

Reading Time: 2 minutes read

Sentences: 29 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 24535158

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 25 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 12 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #125

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