How North Korea Launders Billions in Stolen Crypto

North Korea has stolen over $5 billion in crypto since 2017, using a network of OTC brokers to launder funds. The recent $1.5 billion Bybit hack highlights the regime’s challenges in converting large sums into fiat. Laundering methods include using unregulated exchanges, Chinese money laundering networks, and casinos in Macau. U.S. agencies, alongside Japan and South Korea, monitor these activities.

https://www.coindesk.com/policy/2025/03/07/here-s-how-north-korea-launders-billions-of-stolen-crypto