<ul><li>The US Department of Justice has filed a civil forfeiture complaint to seize $7.74 million in cryptocurrency linked to North Korean IT workers.</li><li>The funds were earned through employment at blockchain firms using falsified identities, aiming to evade US sanctions and send illicit gains back to North Korea.</li><li>The scheme involved money laundering tactics such as using fake identities, chain hopping, token swapping, NFT purchases, and fund transmission through online US-based platforms.</li><li>US agencies are focusing on disrupting illicit financing networks, targeting North Korea’s digital revenue streams to enforce sanctions and limit funds for military development.</li></ul>

US Seeks Forfeiture of $7.7M in Crypto Linked to North Korean IT Workers

Discover more