US Seeks Forfeiture of $7.74M in Cryptocurrency Tied to North Korean IT Workers

US Seeks Forfeiture of .74M in Cryptocurrency Tied to North Korean IT Workers

The US Department of Justice has filed a claim to seize $7.74 million in digital assets linked to North Korean fake IT worker schemes aimed at evading sanctions and funding weapons programs. These schemes involved false identities and laundering networks, resulting in over $88 million illicit gains over six years. #NorthKoreanCyberActivities #SimHyonSop #Chinyong #KimSangMan

Keypoints

  • The US filed a civil forfeiture complaint for digital assets linked to North Korean cyber schemes.
  • North Korean operatives used fake identities to obtain employment and launder payments internationally.
  • Over $88 million was illicitly earned by North Korean IT workers across multiple countries over six years.
  • Several individuals, including Christina Marie Chapman, were charged for aiding these schemes.
  • The US government is seeking to forfeit assets connected to laundering over $15 million in cryptocurrency.

Read More: https://www.securityweek.com/us-seeks-forfeiture-of-7-74m-in-cryptocurrency-tied-to-north-korean-it-workers/