$7.7M in Crypto: US Cracks Down on North Korean IT Fraud Ring

Krutika Adani

North Korea's Crypto Scam Exposed

DOJ files to seize $7.7M tied to fake freelance jobs and sanctions evasion.

Fake IDs, Real Crypto Jobs

NK operatives got hired at blockchain firms using stolen identities.

How They Laundered It

Token swaps, fake accounts, NFT buys—funds moved through a crypto maze.

Weapons Funding Behind the Scheme

Proceeds linked to Pyongyang’s Foreign Trade Bank and military programs.

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