Four Men Indicted for Laundering Cryptocurrency for North Korea

The US Justice Department has indicted four men on charges of laundering virtual currency stolen by North Korean online criminal syndicate, Lazarus Group, as part of a scheme to buy goods with US dollars and evade international sanctions. The charges outline a complex multiyear effort to launder cryptocurrency obtained by the Lazarus Group, which is linked to espionage, online theft, and cyberattacks. The scheme involved a relatively modest amount of currency, but it represents only a fraction of the illegal activity being undertaken by North Korea, officials said.