US indicts North Korean cyber operatives for laundering stolen cryptocurrency
- The US announced sanctions against three individuals for laundering cryptocurrency stolen by North Korean hackers.
- The US Justice Department indicted four men for laundering cryptocurrency obtained by a North Korean hacking group called Lazarus Group.
- The Lazarus Group has targeted various sectors to steal money and spread malware.
- The scheme involved laundering cryptocurrency stolen over several years.
- The actions represent a fraction of North Korea's illegal cyber activity, which relies on networks to convert stolen cryptocurrency into government-backed currency.