The Department of Justice (DOJ) has frozen over $7.7 million in cryptocurrency allegedly earned by North Korean IT workers using stolen U.S. identities.
The funds were seized as part of a U.S. forfeiture action to disrupt illicit revenue streams funding Pyongyang’s weapons development.
North Korean nationals posed as remote IT contractors working for U.S. companies to generate hard-to-trace crypto income for the regime in Pyongyang.
The workers employed complex laundering techniques, including fake identities and blockchain transactions, with a network involving individuals like Sim Hyon Sop and Kim Sang Man linked to the North Korean government.