FBI offers $7 million reward for alleged North Korean crypto launderer Sim Hyon-sop

On December 27, 2025, the FBI named Sim Hyon-sop, an alleged cryptocurrency launderer linked to North Korea, as a wanted fugitive and announced a $7 million reward for information leading to his capture. Investigators say he helped move stolen digital assets for the regime through shell companies, brokers, and international banks to buy goods while evading sanctions. Sim, accused of bank fraud, money laundering, and sanctions violations, is believed to have operated from the Middle East before his residency in the UAE was revoked in 2019.