U.S. Treasury Secretary: ``North Korea is finding it difficult to turn stolen crypto assets into cash...Sanctions are a success''

A high-ranking U.S. government official said that sanctions against North Korea have made it difficult to convert crypto assets (virtual currency) stolen by North Korea into cash.
According to the U.S. Free Asia Broadcasting (RFA), U.S. Treasury Department Under Secretary Brian Nelson said the Treasury Department's sanctions against North Korea were a success.
I made it. In an interview with RFA, Deputy Secretary Nelson said, ``North Korea is having difficulty mixing crypto assets and turning them into cash,'' adding, ``No matter how many crypto assets they steal, they cannot buy them.''
It means that there is nothing to do." North Korea uses a mixing service that repeatedly divides crypto assets so that it is unclear who transferred them, making it difficult to track where funds are being used and how they are converted into cash.
has been laundering stolen crypto assets through The US Treasury Department sanctioned mixing services Tornado Cash and Sinbad in August and November of last year, respectively. Also, North Korea has stolen
The crypto asset company that helped convert the acquired crypto assets into cash was also placed on the Ministry of Finance's sanctions list in April last year. North Korea will be hacked in 2023, according to blockchain tracker TRM Labs
The total amount of crypto assets stolen was $700 million (approximately 105.2 billion yen), an 18% decrease from $850 million (approximately 127.7 billion yen) in 2022.