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Feds Freeze $7.7M in Crypto Linked to North Korean Hackers Masquerading as US IT Workers

Feds Freeze $7.7M in Crypto Linked to North Korean Hackers Masquerading as US IT Workers

Published:
2025-06-05 16:04:36
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DOJ Seizes $7.7 Million in Crypto from North Korean IT Workers Reportedly Using Stolen U.S. IDs

Another day, another crypto seizure—this time with a geopolitical twist. The DOJ just clawed back $7.7 million from North Korean operatives who allegedly used stolen American identities to infiltrate freelance tech platforms. Who said crypto was anonymous?


The Lazarus Playbook Strikes Again

Pyongyang’s digital foot soldiers keep getting creative. This crew bypassed sanctions by posing as US-based developers, cashing out in crypto while Uncle Sam footed the bill. Classic case of 'fake it till you make it'—until blockchain forensics came knocking.


Wall Street’s Ironic Silence

Funny how regulators suddenly love traceable ledgers when it’s their money on the line. Meanwhile, that $7.7 million wouldn’t cover Jamie Dimon’s annual coffee budget—but sure, crypto’s the systemic risk.

|Square

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