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North Korea Laundered $7.7M in Crypto: DOJ Reveals 

  • The U.S. Department of Justice has seized over $7.74 million in cryptocurrency allegedly laundered by North Korean IT workers posing as remote employees at U.S. and international companies.
  • North Korea exploited the crypto and AI boom to circumvent U.S. sanctions and finance its weapons programs, with the laundering strategy involving fake IDs, stablecoins, mixing funds, converting between tokens, buying NFTs, and using known intermediaries.
  • AI tools like ChatGPT were utilized by North Korean operatives to automate job applications, fabricate employment histories, and simulate work behavior, prompting actions from OpenAI and Google to shut down related accounts.
  • The seizure is part of the DOJ's efforts to disrupt North Korea's cyber-financial operations and enforce sanctions, highlighting ongoing investigations and prosecutions to counter North Korea's crypto-fueled sanctions evasion.

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