United States Department of Justice seizes $7.74 million in cryptocurrency linked to North Korean IT workers to avoid U.S. sanctions and support weapons programs.
The scheme involved fake identities, NFTs, and chain hopping to launder money, with the complaint targeting assets linked to a North Korean Foreign Trade Bank representative.
North Korean IT professionals used sophisticated tactics like token swapping and purchasing NFTs to hide finances, with assistance from FBI, State Department, and Treasury Department.
The forfeiture is part of broader efforts to crack down on North Korea's cybercrime activities, with investigations ongoing to seize additional assets related to sanctions evasion.