White House Blocking North Korea's Ability to Launder Cryptocurrency

Convinced North Korea primarily sees hacking as a way to funnel money back to the cash-strapped Kim Jong Un regime, the White House has focused on blocking the country’s ability to launder the cryptocurrency it steals through its cyberattacks. In the last year, the administration has unveiled a flurry of sanctions against North Korean hacking groups, front companies and IT workers, and blacklisted multiple cryptocurrency services they use to launder stolen funds.