US District Court Seizes North Korea's 279 Crypto Accounts Tied to Malware Usage
Monday, 13 May 2024, 06:32
US Court Seizes 279 North Korea Crypto Accounts as Hackers Use New Malware
Justice Timothy Kelly of the US District Court for the District of Columbia has ordered the seizure of 279 crypto accounts linked to North Korean operatives.
This action intensifies the battle against international money laundering and nuclear proliferation.
North Korean Crypto Hackers Use New Malware
- The decision follows a series of US actions to disrupt the financial networks facilitating North Korea's illicit activities.
- Initiated by the US government in August 2020, this case involved actors linked to North Korea transferring stolen crypto to exchanges and unhosted wallets outside the US.
These sophisticated operations obscure the origins of stolen currencies and convert them into hard cash, helping North Korea skirt sanctions.
Read more: 15 Most Common Crypto Scams To Look Out For
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