US Department of Justice Seizes $7.7 Million in Cryptocurrency from North Korean IT Workers

The US Department of Justice announced the seizure of $7.7 million in cryptocurrency from North Korean IT workers. This cryptocurrency is allegedly the proceeds of cyberattacks and the theft of US identities. US authorities successfully traced the digital assets to accounts linked to this hacking group. This operation forms part of the US’s broader efforts to combat cybercrime, aiming to prevent states from using cryptocurrency for money laundering and terrorist financing. Authorities are continuing their investigation to uncover further details about this criminal network and its victims. This action represents a significant blow against state-sponsored hacking and demonstrates the US’s commitment to decisively confronting these threats.