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DOJ Seizes $7.74M in Crypto Tied to North Korean Sanctions Evasion and Weapons Funding

  • The U.S. Department of Justice (DOJ) seized $7.74M in cryptocurrency allegedly used by North Korea to finance illegal weapons development.
  • North Korean IT experts earned cryptocurrency through remote work with international companies under false identities to evade U.S. sanctions and support weapons programs.
  • The seizure is linked to an earlier indictment of Sim Hyon Sop, a representative of North Korea's Foreign Trade Bank, for money laundering with IT operatives.
  • U.S. officials emphasize the ongoing threat of North Korea using cryptocurrency for illicit purposes and highlight the government's commitment to disrupting such activities.

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