North Korea Laundered $7.7M in Crypto: DOJ Reveals
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The U.S. Department of Justice seized $7.74 million in cryptocurrency allegedly laundered by North Korean IT workers posing as remote employees. The funds were funneled through sophisticated crypto techniques, including stablecoin payments, token conversions, and NFT purchases.
Operatives used stolen identities and AI tools to bypass sanctions, routing proceeds through sanctioned intermediaries like Sim Hyon Sop and Kim Sang Man. The scheme highlights growing regulatory scrutiny of crypto's role in illicit finance.
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North Korea Laundered $7.7M in Crypto Through Fake IT Workers and AI Tools, DOJ Reveals
