DoJ Indicts DPRK Foreign Trade Bank Representative For Laundering Crypto

The Department of Justice unsealed two indictments against a North Korean national alleging they helped launder stolen cryptocurrency for their government.

he Department of Justice unsealed two indictments against Sim Hyon Sop, a representative of North Korea’s Foreign Trade Bank alleging he helped in the execution of multiple operations seeking to launder stolen cryptocurrencies. The same individual was also sanctioned by OFAC for their involvement with DPRK’s hacker organization—the Lazarus Group—earlier on Monday, April 24th.