U.S. DOJ Targets North Korea’s Crypto Schemes, Seizes Millions
- The U.S. Department of Justice announced five guilty pleas related to aiding North Korea in fraudulent IT job schemes.
- $15 million in Tether’s USDT was seized from North Korean sources linked to cyber heists by Advanced Persistent Threat 38.
- An additional $80 million in stolen funds was confiscated as part of a crackdown on pig-butchering scams run by Chinese organizations.
- The FBI emphasized the ongoing threat of North Korea’s efforts to evade U.S. sanctions and fund its regime through illicit means.
- Plans for a U.S. bitcoin strategic reserve are under consideration, pending potential congressional action.
These actions highlight the U.S. government’s commitment to combating illicit financial activities tied to North Korea and other criminal organizations, with significant asset seizures reinforcing this effort.
In total, authorities have seized over $95 million from various scams and cyber crimes recently, demonstrating a robust response to cryptocurrency-related fraud.(Source)
