The U.S. DOJ seized 7.74 million USD in cryptocurrency linked to an elaborate North Korean scheme involving fake IT jobs. This operation was designed to launder funds for weapons.
North Korean workers used false identities to gain remote jobs, receiving payment in digital assets like USDC and USDT. Laundering tactics included fictitious personas and cross-chain transfers.
Matthew R. Galeotti highlighted that this action underscores North Korea’s exploitation of crypto, while Sue J. Bai expressed commitment to disrupting these illicit revenue schemes to prevent funding of weapons.
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