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The U.S. Department of Justice is tracking 280 digital asset accounts allegedly related to North Korea

August 28, 2020

“The Justice Department today filed a civil foreclosure complaint listing two hacks of digital currency exchange by North Korean actors,” said a statement by the US Department of Justice (DoJ) on August 27. . “These players stole millions of dollars in cryptocurrencies and ultimately laundered the funds through Chinese OTC (Cryptocurrency Market) traders.” The hackers reportedly used 280 accounts from various digital assets.

Details of a 2019 litigation became known in March 2020 in which two Chinese nationals allegedly seized a large amount of crypto assets valued at $ 250 million. This catastrophic event appears to be related to the present day news, according to the Justice Department, indicating that North Korean groups are guilty related to the 2019 case.

A North Korean hacking program that meshes with a cryptocurrency-based money laundering ring in China. This formed an expanded network of related activities, he explained Brian Rabbitt, a senior official in the United States Department of Justice.

The U.S. Department of Justice is tracking 280 digital asset accounts allegedly related to North KoreaThe U.S. Department of Justice is tracking 280 digital asset accounts allegedly related to North Korea

“Despite the sophisticated washing techniques, the Cyber ​​Crimes Unit of the IRS-CI was able to successfully trace the stolen funds back directly to North Korean actors.” explained Don Fort, Head of the criminal investigation department of the IRS-CI. The statement contained a number of other quotes from various government agencies involved in the case.

A suspected hacker associated with North Korea stole $ 270,000 worth of altcoins from a cryptocurrency exchange. Transfer of assets through a large number of wallets, They are frequently exchanged for other coins and tokens, including BTC and USDT, according to a July 2019 complaint filed in the Justice Department’s statement dated Aug. 27.

September 2019 also led to a similar action as A North Korean character allegedly broke into a cryptocurrency company in the United States as well as its affiliates. “The hacker stole approximately $ 2.5 million and laundered over 100 accounts at another digital currency exchange.” The statement said that the two hackers, related to those in the March 2020 heading, contacted the same Chinese over-the-counter cryptocurrency traders in an attempt to hide their actions.

“The infrastructure and communications accounts that were used to facilitate interference and money transfers were also linked to North Korea.” added the statement.

UPDATE August 27, 21:06 UTC: This article has been updated.

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