Treasury sanctions two Chinese nationals for helping North Korean hackers
The U.S. Treasury Department sanctioned two Chinese nationals Monday for laundering stolen money obtained through a North Korean government-backed hack of a cryptocurrency exchange in 2018. Specifically, the Treasury Department sanctioned Tian Yinyin and Li Jiadong for “having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of” Lazarus Group, a hacking group the U.S. government has previously linked with the North Korean government, according to the Treasury Department release. The two also provided that support to a “malicious cyber-enabled activity.” The Treasury Department has previously singled out Lazarus Group for its heists. Last September, the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Lazarus Group and two sub-groups for their activities targeting Society for Worldwide Interbank Financial Telecommunication (SWIFT) and stealing cash and customer information from ATMs. This is the first time the U.S. government is formally sanctioning Chinese nationals with […]
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