U.S. DOJ Pursues North Korea's Illicit Money Machine, Seizes More Crypto

The U.S. Department of Justice (DOJ) announced the successful prosecution of individuals involved in North Korean operations that facilitate cryptocurrency theft. In this latest crackdown, authorities seized $15 million in Tether from North Korean cyber heists linked to Advanced Persistent Threat 38, said to be associated with the North Korean military. Prosecutors secured multiple convictions against accomplices who aided fraudulent operations by helping North Koreans gain unauthorized U.S. jobs using fake identities. The FBI emphasized the need for companies to enhance their vetting processes for remote workers to combat these security threats. The seizures add to a broader effort to dismantle cybercrime initiatives funded by North Korea to support its regime and military ambitions. The DOJ is also pursuing additional crypto assets tied to various scams within the broader Asian region. Furthermore, discussions are ongoing about how seized digital assets may contribute to a U.S. strategic reserve plan for cryptocurrency, although formal congressional action may be necessary to implement such measures.

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