U.K. citizen wanted by the U.S. for advising North Korea on crypto has been detained in Russia.
U.S. authorities allege that the man helped the regime in Pyongyang to bypass sanctions using digital assets.The Russian Bureau of Interpol has arrested a British man wanted by Interpol at the request of the United States, the Russian Telegram channel Baza. Authorities in the U.S. claim he was assisting North Koreans in efforts to circumvent sanctions using crypto.
More specifically, he was conspiring to violate United States sanctions on the Democratic People’s Republic of Korea by working with an American citizen to illegally provide cryptocurrency and blockchain technology services to the DPRK. Both answered questions about blockchain and crypto technologies from the North Korean audience, including persons working for the government in Pyongyang. They also proposed plans for creating smart contracts for the DPRK and mapped out crypto transactions designed to avoid U.S. sanctions.
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