US authorities are taking action against illicit cryptocurrency funds, aiming to seize approximately $7.74 million connected to a sophisticated scheme involving North Korean IT workers. These operatives allegedly posed as individuals from other nations to secure remote employment with unsuspecting companies globally.
The scheme involved earning salaries in these remote roles and then engaging in money laundering activities to obscure the source of the funds. Investigators believe this money could potentially be used to support the North Korean regime and its weapons programs.
The Department of Justice is pursuing the forfeiture of these digital assets, emphasizing the ongoing efforts to disrupt illicit finance and counter threats posed by state-sponsored activities in the cyber domain. This action highlights the challenges posed by crypto scams and the importance of identifying and seizing funds derived from such illegal operations to protect the global financial system and national security interests.
Source: https://securityaffairs.com/178810/cyber-crime/doj-seize-7-74m-linked-to-north-korean-it-worker-scam.html
