#CryptoFees101 The U.S. Department of Justice Seeks the Forfeiture of $7.74 Million in Cryptocurrencies Linked to North Korean IT Workers

AI Summary

According to Odaily, the U.S. Department of Justice has initiated a civil forfeiture lawsuit to seize $7.74 million in cryptocurrencies allegedly laundered by North Korean IT workers. These individuals are accused of obtaining employment in U.S. and international companies through fraudulent means. Reports indicate that the workers used false identities to secure positions at U.S. cryptocurrency firms, receiving payment in stablecoins. The funds were then laundered through various methods before being transferred back to North Korea.