U.S. Files Forfeiture Action against 280 Cryptocurrency Accounts Linked to N. Korean Hacks

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Thursday, September 3, 2020
Bruce Zagaris

On August 27, 2020, the U.S. Department of Justice (DOJ) filed a civil forfeiture complaint against cryptocurrency funds of North Korean actors with respect to two hacks of virtual currency exchanges. The North Koreans allegedly stole millions of dollars’ worth of cryptocurrency and laundered the funds through Chinese over-the-counter (OTC) cryptocurrency traders. The complaint supplements related criminal and civil actions DOJ announced in March 2020 concerning the theft of $250 million in cryptocurrency through other exchange hacks by North Korean actors.[1]

[1]    U.S. Department of Justice, United States Files Complaint to Forfeit 280 Cryptocurrency Accounts Tied to hacks of Two Exchanges by North Korean Actions, Press Rel. 20-836, Aug. 27, 2020.