North Korean hackers continue to penetrate U.S. companies from 2021 to 2024

According to the documents, the fraud operation can be traced back to 2021. North Korean hackers used fake identities and false U.S. documents to apply for remote work at American companies. After further gaining the trust of the companies, they began to steal confidential data and crypto assets.

The team behind the North Korean hackers is composed of people from Taiwan, China, the UAE and the United States. They set up a "laptop farm" in the United States, allowing North Korean hackers to remotely control corporate computers abroad and pretend to be in the United States.

2 Taiwanese were prosecuted for setting up a fraudulent website

The document stated that New Jersey man Zhenxing Wang was one of the main suspects, and he and other people from many countries earned more than $5 million from American companies through remote IT job fraud.

Among them, two Taiwanese nationals, Mengting Liu and Enchia Liu, were listed as accomplices by prosecutors. They set up shell companies and fraudulent websites to collect the illegal proceeds of North Korean hackers and remit them to the North Korean government.

FBI launches sweep across 14 states

In response, the FBI seized more than 70 laptops and remote devices across three states in October last year and shut down four fake domains.

In June this year, 29 financial accounts and 17 fraudulent websites were seized, and funds amounting to hundreds of thousands of dollars were seized. The search was then expanded to 14 states across the United States, and 21 laptop farms were raided, seizing about 137 laptop devices.

North Korean hackers use coin mixer to steal $900,000 in crypto assets

The U.S. Department of Justice also revealed another case. The Georgia prosecutors also indicted four North Korean hackers on June 30, accusing them of impersonating and infiltrating blockchain companies in the United States and Serbia, and using the mixer "Tornado Cash" to launder money and steal more than $900,000 in crypto assets.

North Korean hackers earn hundreds of millions of dollars a year, and the US government offers a huge reward

The FBI issued consecutive announcements in 2022, 2023, 2024 and 2025, warning that North Korean hackers impersonated remote workers and used fake websites, social media accounts and payment platforms to commit fraud. A North Korean hacker could earn $300,000 for the North Korean government in a year. These frauds could have an annual output value of hundreds of millions of dollars, with a lot of funds flowing to the North Korean military and missile development projects.

The U.S. State Department also announced a reward of up to $5 million to encourage people with aspirations to help track down North Korean fraud and related money laundering networks.

  • This article is reproduced with permission from: (Chain News)

  • Original title: (North Korean hackers come again! Two Taiwanese helped defraud 5 million Mg and stole 900,000 Mg of crypto assets in another case)

  • Original author: Louis Lin

"Taiwanese set up a laptop farm! Helped North Korean hackers defraud 5 million magnesium, and stole 900,000 magnesium assets in another case" This article was first published in "Crypto City"