DOJ Charge Fake North Korean Devs ‘Embedding’ In Crypto Startups

In brief

  • Four North Korean agents allegedly used stolen identities to land remote IT jobs at a U.S. crypto startup.
  • The group stole roughly $900,000 in two transactions and laundered crypto through sanctioned channels.
  • Their operations are considered by authorities to be part of the DPRK’s long-running strategy to fund their weapons programs.

Four North Korean nationals infiltrated an Atlanta-based blockchain startup and stole nearly $1 million in crypto by posing as remote developers, federal prosecutors from the Northern District of Georgia announced Monday, detailing charges from a five-count wire fraud and money laundering indictment.

The defendants first operated as a team in the UAE before infiltrating U.S. and Serbian crypto firms…

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