US DoJ Moves to Seize $7.7M Linked to North Korean Crypto Laundering Case

Recently, the US Department of Justice (DoJ) filed a complaint in a US District Court in Columbia to forfeit over $7.74 million in crypto linked to North Korean laundering activities. In a press release published on 5 June 2025, the DoJ threw light on a broader scheme in which North Korean IT workers obtained illegal.. The post US DoJ Moves to Seize $7.7M Linked to North Korean Crypto Laundering Case appeared first on 99Bitcoins.

crypto

Jun 8, 2025 - 03:00

0 4

Recently, the US Department of Justice (DoJ) filed a complaint in a US District Court in Columbia to forfeit over $7.74 million in crypto linked to North Korean laundering activities.

In a press release published on 5 June 2025, the DoJ threw light on a broader scheme in which North Korean IT workers obtained illegal employment in the US or other international companies by providing fraudulent identification documents.

The DOJ’s action in this instance stems from a particular case from 2023. In this case Sim Hyon Sop, a representative of North Korea’s Foreign Trade Bank, facilitated the transfer of millions of dollars raised by illegal North Korean IT workers.

Subsequently, the US authorities were able to jump in and salvage the situation by freezing and then seizing the funds when North Korean operatives tried to launder the amount.