Reportedly, the United States’ Department of Justice (DOJ) is going to seize 280 cryptocurrency accounts that have been used and operated by the North Korean hackers. The US Department of Justice has filed a complaint to seize these accounts. North Korean hackers have used these cryptocurrency accounts for stealing millions of funds in cryptocurrency.

A Civil Forfeiture Complaint to seize hackers’ crypto accounts

For the seizure of these alleged 280 cryptocurrency accounts of North Korean hackers, the Department of Justice has filed a Civil Forfeiture Complaint. By using these accounts, hackers have laundered a large number of cryptocurrency funds. Moreover, the complaint revealed that Chinese Over-the-Counter (OTC) traders also provided some sort of assistance to these North Korean hackers for stealing these funds. The amount was stolen from two major digital currency exchanges whose names are unknown.

The US DOJ has also exposed the connection between a ‘Chinese cryptocurrency money laundering network’ and a cyber hacking program of North Korea in the civil forfeiture complaint. While discussing this filing of the complaint against these notorious hackers, Brian C. Rabbitt the US Department of Justice’s Criminal Division’s Acting Assistant Attorney General said:

“Today’s action publicly exposes the ongoing connections between North Korea’s cyber-hacking program and a Chinese cryptocurrency money laundering network. This case underscores the department’s ongoing commitment to counter the threat presented by North Korean cyber hackers by exposing their criminal networks and tracing and seizing their ill-gotten gains.”

Details regarding the hacks of North Koreans have also been revealed. Last year in the month of July, hackers laundered an amount of $272,000 in cryptocurrencies from digital currency exchange. Another such incident occurred last year in the month of September in which hackers stole an amount of approximately $2.5 million from a company based in the United States. Hackers used over 100 cryptocurrency accounts for laundering such a huge amount of crypto funds.

This is not the first time that the Department of Justice has spotted such illegal activities rather it has exposed various such kinds of incidents in the year 2020 as well.

Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.