🚀 Latest Crypto News: US OFAC sanctions two individuals and one entity involved in money laundering for North Korea. Lu Huaying and Zhang Jian, based in the UAE, used front companies to convert crypto into cash, sending the proceeds back to Pyongyang.

- Sim Hyon Sop, a North Korean agent in China, is accused of orchestrating a money laundering scheme and using digital assets to fund the country’s missile program.

- Since 2022, Huaying and Jian allegedly laundered millions of dollars using a variety of methods, including “money mules.”

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