US authorities go after 280 crypto accounts allegedly tied to North Korea

Regulation

“The Justice Department today filed a civil forfeiture complaint detailing two hacks of virtual currency exchanges by North Korean actors,” said an Aug. 27 statement from the U.S. Department of Justice, or DoJ. “These actors stole millions of dollars’ worth of cryptocurrency and ultimately laundered the funds through Chinese over-the-counter (OTC) cryptocurrency traders.”

The hackers allegedly utilized 280 different digital asset accounts, the statement detailed. The ordeal appears to be connected with previously reported thievery which occured earlier in 2020. 

This story is developing and will be updated.

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