A shuttered cryptocurrency trading platform is set to pay $7.5 million in criminal and civil penalties after pleading guilty to enabling money laundering by North Korean cybercriminals and other illicit actors.

Paxful Holdings Inc., the holding company of a peer-to-peer bitcoin exchange that shut down in November, pleaded guilty Tuesday to charges including operating an unlicensed money transfer business and failing to adhere to anti-money laundering (AML) requirements, the Department of Justice said in a press release Wednesday.

The charges relate to Paxful’s facilitation of transactions involving countries like North Korea, Iran and Venezuela, as well as criminal activities involving