U.S. DOJ Seizes $7.74 Million in North Korean Crypto– Coincu

The post U.S. DOJ Seizes $7.74 Million in North Korean Crypto– Coincu appeared on BitcoinEthereumNews.com.

Key Points:

• The DOJ filed a civil loss complaint associated with cryptocurrency connected to North Korea.
• The action targets North Korean IT operatives laundering crypto incomes to evade U.S. sanctions, with an ongoing FBI investigation.

U.S. DOJ Targets Over $7.74 Million in Crypto Assets

On June 5, the U.S. Department of Justice initiated a civil forfeiture suit against over $7.74 million in cryptocurrency, which presumably funded North Korea’s military efforts through disguised North Korean IT workers.

Immediate ramifications include increased scrutiny on crypto payments tied to North Korean operatives and closing financial loopholes exploited in the tech and crypto sectors.

Sam Boolman | Crypto Enthusiast and Writer

Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism. With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.

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