US government blacklists 20 Bitcoin addresses tied to alleged Lazarus group-linked North Korean hackers

posted 4 months ago
The US Government, specifically the Treasury Department’s Office of Foreign Asset Control, has blacklisted 20 Bitcoin addresses. Jiadong Li and Yinyin Tian are accused of being linked to Lazarus cybercrime group & the North Korean government. Accused of stealing more than half a billion dollars in crypto, and notably, the group reportedly hacked an unnamed exchange in April 2018.

The 2 were indicted by a grand jury and charged with “conspiracy to launder monetary instruments” and “operating an unlicensed money transmission business.” The US government is trying to seize the crypto held in 113 different addresses, alleging that the 2 defendants laundered "a bulk of the stolen BTC." $234 million in crypto was reportedly stolen, including Bitcoin, Litecoin, Ether, Zcash, Doge, and Ripple. The Litecoin was not properly laundered, appearing to remain at the address it was sent to. US customers, and US and South Korean exchanges were reportedly used to launder funds.
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