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North Korean-linked cryptocurrency addresses

North Korean-linked cryptocurrency addresses

  • by EB 27 Jun, 2020
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Form webinar
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Duration 45 minutes
Language English
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Participation free of charge, registration required

Chainalysis webinar entitled North Korean-linked cryptocurrency addresses and sanctions: How blockchain analysis can help you investigate and stay compliant?

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Chinese nationals, Tian Yinyin and Li Jiadong, for their role in helping the North Korea-aligned Lazarus Group launder funds stolen in four separate cryptocurrency exchange hacks between 2017 and 2019. OFAC also added 20 cryptocurrency addresses controlled by the pair to its sanctions list as identifiers for Tian and Li, thereby placing prohibitions on transacting with those addresses. At the same time, the Department of Justice (DOJ) filed a civil forfeiture complaint charging Tian and Li with money laundering on Lazarus Group’s behalf, and seeking to seize funds from 93 additional cryptocurrency addresses and accounts. On March 6, 2020, the DOJ updated its civil forfeiture filing to include another 33 Bitcoin and Ethereum addresses implicated in this money laundering scheme, bringing the total to 146.

Join Chainalysis webinar for an in-depth look at how Lazarus launders stolen money and how investigators, exchanges, and financial institutions can leverage Chainalysis tools to fight back.

About Chainalysis

Chainalysis is the blockchain analysis company. Chainalysis provides compliance and investigation software to the world’s leading banks, businesses, and governments. Chainalysis experts in financial crime and economic analysis empower customers to derive insights they can act on. Backed by Accel, Benchmark, and other leading names in venture capital, Chainalysis builds trust in blockchains.


Watch „North Korean-linked cryptocurrency addresses and sanctions”

See also Closing the Cryptocurrency Gap Guidance

Source:
1. Nina Heyden, Jesse Spiro and John Dempsey, Chainalysis, North Korean-linked cryptocurrency addresses and sanctions: How blockchain analysis can help you investigate and stay compliant (04.2020),
2. Chainalysis, About Chainalysis,
3. Jesse Spiro, Chainalysis Blog, New OFAC Sanctions and DOJ Complaint for North Korea-Linked Cryptocurrency Laundering Scheme: What You Need to Know (5.03.2020)

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