U.S. prosecutors unsealed indictments charging North Korean Foreign Trade Bank representative Sim Hyon Sop with cryptocurrency money-laundering conspiracies that generated revenue for the DPRK. The source says Sim worked with OTC traders, including Wu Huihu, Cheng Hung Man, and “Jammy Chen,” to launder funds stolen from virtual-currency exchange hacks and purchase goods through Hong Kong front companies for North Korea. A second alleged scheme used North Korean IT workers who obtained jobs at U.S. blockchain companies under fake identities, received payment in stablecoins such as USDT and USDC, and routed proceeds back through Sim. The Justice Department also links the broader activity to the RGB’s Lazarus Group/APT38 cyber capability and cites a wallet used to receive proceeds from North Korean virtual-currency theft and fraud.