The United States removed Russian bitcoin addresses from the sanctions list and added North Korean addresses
The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury has added 20 new bitcoin addresses to the list of data on persons under sanctions. At the same time, several addresses attributed to Russian companies.
According to OFAC on its website, the specified addresses belong to Jiadong Lee and Yingin Tian, who are associated with the hacker group Lazarus, acting in the interests of the DPRK. Back in 2018, she was caught stealing half a billion dollars in cryptocurrencies. Cybersecurity firm Group-IB says Lazarus has been attacked by 14 cryptocurrency exchanges.
“The Democratic People’s Republic of Korea (DPRK) trains cyber criminals to steal and launder stolen funds through financial institutions. In April 2018, Tian and Li received North Korean-controlled addresses containing about $ 91 million from a cryptocurrency exchange hacked, as well as an additional $ 9.5 million from another exchange hacking. Tian and Li transferred currency between the addresses they controlled in order to conceal the source of the funds, ”writes OFAC.
In 2018, the OFAC list included bitcoin addresses of Iranian citizens who were associated with the activities of ransomware. In 2019, the list was supplemented with Bitcoin and Litecoin addresses of Chinese citizens who were accused of money laundering and drug smuggling..
In addition, today OFAC announced the exclusion from the list of several addresses of Russian legal entities: JSC “Independent Oil and Gas Company”, JSC “NNK”, JSC “NNK Primornefteprodukt” and JSC “PrimorNefteProduct”. According to the publication of the department, they were included in it in connection with the second order risks posed by the DPRK.
Earlier, financial analysts talked about North Korea’s circumvention of US sanctions using cryptocurrencies.
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