The United States demands the recovery of 7.7 million dollars laundered through cryptocurrency in North Korea, involving an IT worker

According to ChainCatcher, as reported by Cointelegraph, the U.S. Department of Justice has taken action to seek the forfeiture of $7.74 million in cryptocurrency. This cryptocurrency is allegedly earned by North Korean IT workers using false identities while working as remote contractors for blockchain companies.

In a statement on June 5, the Department of Justice indicated that these funds were initially frozen in April 2023 as part of the prosecution against Sim Hyon Sop. Sim Hyon Sop is a banker working in China who is alleged to have assisted North Korean IT workers in laundering money.

According to the civil forfeiture complaint filed by the Department of Justice in the U.S. District Court for the District of Columbia on June 5, the Department is seeking to forfeit various cryptocurrencies, including different amounts of stablecoins and Bitcoin (BTC), as well as non-fungible tokens (NFTs) and Ethereum Name Service (ENS) domain names stored in multiple self-custody wallets and Binance accounts.