News Explorer — North Korea's Lazarus Could Not Cash Out Illicit Crypto If Not for China, Says TRM

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North Korea's Lazarus Could Not Cash Out Illicit Crypto If Not for China, Says TRM

The Chinese black market plays a crucial role in laundering billions in crypto for criminal groups worldwide, from North Korean hackers to Mexican drug cartels, according to new research from TRM Labs. The crypto sleuthing firm says there is a need for U.S. authorities to address the significant role of Chinese crime syndicates in facilitating illicit financial activities.