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Tag: multimillion-dollar crypto heist

U.S. seizes additional crypto linked to North Korea’s illegal network

The post U. S. seizes additional crypto linked to North Korea’s illegal network appeared com. The U. S. Department of Justice on Friday convicted several criminals who helped the Democratic People’s Republic of Korea to pocket large amounts of digital assets fraudulently. The department also obtained about $15 million in proceeds from the remote information technology work and crypto heist. The DOJ revealed that North Korea uses such schemes to fund its weapons and other priorities in violation of sanctions. U. S. authorities found that facilitators in the U. S. and Ukraine assisted North Korean actors in obtaining remote IT employment with U. S. companies. U. S. nationals plead guilty to wire fraud conspiracy Justice Department Announces Nationwide Actions to Combat Illicit North Korean Government Revenue Generation Department Seeks Forfeiture of More Than $15M in Virtual Currency Stolen and Laundered by North Korean Hackers 🔗: pic. twitter. com/FRaqJjYW8f U. S. Department of Justice (@TheJusticeDept) November 14, 2025 According to court documents associated with the five guilty pleas, the hackers’ schemes impacted more than 136 U. S. victim companies and garnered more than $2. 2 million in revenue for the DPRK regime. They also compromised the identities of more than 18 U. S. citizens. The DOJ also revealed that a North Korean hacking group known as Advanced Persistent Threat 38 (APT38) carried out a multimillion-dollar crypto heist at four overseas digital asset platforms in 2023. The U. S. government now wants to return the more than $15 million in virtual currency it seized to the rightful owners. “Hostile nation-states raising funds for illicit programs by stealing from digital asset exchanges threatens both. The Criminal Division is steadfast in its determination to forfeit ill-gotten gains from bad actors and return funds to victims.” -Mathew Galeotti, Acting Assistant Attorney General of the Justice Department’s Criminal Division. Court documents from the U. S. District Court for the Southern District of Georgia revealed that U. S. nationals Audricus Phagnasay, Jason Salazar, and.