DoJ Indicts 14 North Koreans for $88M IT Worker Fraud Scheme Over Six Years

December 13, 2024 at 11:45AM The U.S. Department of Justice has indicted 14 North Korean nationals for allegedly violating sanctions through a scheme involving wire fraud, money laundering, and identity theft. They illegally sought remote IT jobs while generating at least $88 million for the North Korean regime, utilizing various deceptive tactics to conceal their … Read more

NCA Busts Russian Crypto Networks Laundering Funds and Evading Sanctions

December 5, 2024 at 01:18AM The U.K. National Crime Agency led Operation Destabilise, disrupting Russian money laundering networks, resulting in 84 arrests and the seizure of £20 million ($25.4 million). The U.S. Treasury sanctioned several individuals linked to these networks, which facilitated sanctions evasion and organized crime across multiple regions, including the U.K. and South … Read more

Woman Accused of Helping North Korean IT Workers Infiltrate Hundreds of US Firms

May 17, 2024 at 05:54AM The US government has charged, seized funds, and made arrests in an effort to disrupt a North Korean scheme involving IT workers infiltrating companies. The workers stole identities to secure jobs and diverted their earnings to fund North Korea’s nuclear program. Two individuals have been arrested, with rewards offered for … Read more

North Korea’s Lazarus Group Rakes in $3 Billion from Cryptocurrency Hacks

November 30, 2023 at 07:18AM Since 2017, North Korean hackers have targeted the crypto sector to bypass sanctions, stealing $3 billion in assets, significantly impacting DeFi platforms. The U.S. imposed sanctions against a mixer used by DPRK’s Lazarus Group for money laundering, which funds their WMD programs. Recorded Future suggests increased industry cybersecurity is necessary. … Read more

U.S. Treasury Sanctions Sinbad Cryptocurrency Mixer Used by North Korean Hackers

November 30, 2023 at 01:48AM The U.S. Treasury has sanctioned Sinbad, a crypto mixer used by North Korea’s Lazarus Group for money laundering. Sinbad has processed stolen virtual currency from major heists and is linked to various criminal activities. Blockchain analysis suggests connections between Sinbad and the also-sanctioned Blender mixer. **Clear Takeaways from Meeting Notes … Read more

U.S. DoJ Cracks Down on North Korean IT Scammers Defrauding Global Businesses

October 20, 2023 at 05:03AM The U.S. government has seized 17 website domains used by North Korean IT workers who engaged in fraudulent activities, evaded sanctions, and funded the country’s ballistic missile program. The Department of Justice confiscated $1.5 million of revenue collected by these workers. The workers primarily reside in China and Russia, deceiving … Read more