DOJ seizes $7.7M from crypto funds linked to North Korea’s IT worker scheme
Federal authorities on Thursday said they seized $7.74 million from North Korean nationals as they attempted to launder cryptocurrency obtained by IT workers who gained illegal employment and funneled the wages to the North Korean regime.
The allegedly illegally obtained funds were linked to Sim Hyon Sop, a representative of North Korean Foreign Trade Bank, and Kim Sang Man, CEO of Chinyong, an outfit associated with North Korea’s Ministry of Defense, the Justice Department said. Both North Korean nationals were added to the Treasury Department’s Office of Foreign Assets Control’s list of sanctioned individuals in 2023.
The cryptocurrency seizure marks another action in a series of long-running law enforcement…
