The US Department of Justice announced the confiscation of $7.7 million in cryptocurrency obtained by North Korean IT workers who infiltrated blockchain companies under false identities. This was reported by CyberScoop on June 6, 2025. The perpetrators associated with the North Korean regime used fake resumes and profiles to obtain jobs in the crypto industry, funneling earnings to Pyongyang to finance weapons programs.
Among the confiscated assets are $BTC , stablecoins, NFTs, and ENS domains obtained through the DPRK RevGen fraud scheme. The FBI tracked funds that were laundered through numerous crypto wallets and exchanges. This action is part of a broader US campaign against North Korean cybercrime, particularly the activities of the Lazarus hacking group, which stole $1.5 billion from the Bybit exchange in 2025.
Experts note that North Korea is increasingly using cryptocurrency to evade sanctions. The Justice Department has intensified oversight of digital assets, bringing in more prosecutors for investigations. The confiscation highlights the importance of enhancing security in blockchain companies.
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