The US government is looking to seize 280 cryptocurrency accounts that were used by North Korean hackers who reportedly stole millions of dollars of digital assets from two crypto exchanges.
A civil forfeiture complaint is filed by the US Department of Justice. Acting Assistant Attorney General Brian Rabbitt of the Justice Department’s criminal division in a statement said,
“Today’s action publicly exposes the ongoing connections between North Korea’s cyber-hacking program and a Chinese cryptocurrency money laundering network.”
The hackers also used Chinese traders to launder their funds who were charged by the US officials for laundering more than $100 million in crypto on behalf of North Korea — Pyongyang’s way of circumventing sanctions.
The United Nations Security Council first imposed sanctions on North Korea in 2006 to curb its funding for nuclear and ballistic missile programs.
In a report last year, the UN said the country had generated an estimated $2 billion through “widespread and increasingly sophisticated” cyberattacks to steal from crypto exchanges and banks. North Korea denied the allegation, calling them a “fabrication” to tarnish its image.