279 Crypto Accounts Forfeited to US Government in North Korean Laundering Crackdown

The U.S. District Court for the District of Columbia has ordered the forfeiture of 279 cryptocurrency accounts containing funds linked to alleged hacks of crypto exchanges by North Korean operatives. This measure is a component of a broader U.S. effort aimed at dismantling cyber operations that finance North Korea’s nuclear and missile initiatives. The decision followed a lawsuit initiated by the U.S. government in 2020. It is reported that these accounts facilitated intricate money laundering operations using virtual funds pilfered from numerous cryptocurrency exchanges and unhosted wallets.