cognitive cybersecurity intelligence

News and Analysis

Search

U.S. Seizes $7.74M in Crypto Tied to North Korea’s Global Fake IT Worker Network

U.S. Seizes .74M in Crypto Tied to North Korea’s Global Fake IT Worker Network

The U.S. Department of Justice is targeting over $7.74 million in crypto and other digital assets allegedly linked to a global IT worker scheme orchestrated by North Korea. Accused of exploiting remote IT contracting to evade U.S. sanctions, North Korean IT workers are believed to have used fake identities to work in U.S. crypto companies. The operation involved recruiting facilitators to run laptop farms worldwide, and laundering proceeds through various accounts. These funds are suspected to have been sent back to the North Korean government.

Source: thehackernews.com –

Subscribe to newsletter

Subscribe to HEAL Security Dispatch for the latest healthcare cybersecurity news and analysis.

More Posts