They keep playing this game fpr a while. But notice what's absent: there's no allegation, let alone evidence, that the North Koreans used the UI. In fact they had no reason to. It would save money for their great leader to just do it themselves. And if the UI ran on CloudFlare it wouldn't even work in NK.

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This last bit is highly relevant in the Dutch case since they're accused of laundering 'billions' and without the Lazarus funds that would drop to way less.

The SEC might have an opinion about that...

It seems like they're undermining their case here. Clearly the money is coming from investors, not money launderers. This should have been a securities case.

Ok, that was quite possibly the worst move ever. Assuming it was unilateral move by Storm, now the other two co-founders are sitting on coins (fiat?) received after the sanctions were into effect. Which comes with onerous reporting requirements, $1000+ / hour lawyers and countless ways for an eager prosecutor to (selectively) make your life hell.

It's the kind of thing you do *after* you've all moved to a non-extradition tropical island of choice. Not when two of you are sitting ducks. (Not legal advice)

But also irrelevant to the Dutch case; these are US sanctions. Though perhaps there's an indirect case for laundering the proceeds of a crime (violating sanctions law of a befriended country). In any case this is the first time I hear about it. Pretty sure the Dutch prosecutor would have brought this up in the courtroom full of journalists if she knew about it at the time.

Didn't fincen write in like 2014 that non-custodial services don't need this license? Or was it more ambiguous?