The United States on Monday announced sanctions on three people it said were involved in laundering virtual currency stolen by North Korean hackers to help finance Pyongyang's weapons programs.
A U.S. Treasury statement said the three were a China-based virtual currency trader, another currency trader based in Hong Kong, and a representative of North Korea's Korea Kwangson Banking Corp, who recently relocated to Dandong, China.
Also targeted was Sim Hyon Sop for acting on behalf of the Kwangson Banking Corp, an entity previously designated for sanctions by the United States. The U.S. sanctions freeze any U.S. assets of the individuals and make those who do business with them liable to sanctions.
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