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U.S. Court Orders Forfeiture of 279 Cryptocurrency Accounts Linked to North Korean Hacks

The U.S. District Court for the District of Columbia has directed the forfeiture of 279 cryptocurrency accounts holding funds associated with purported hacks of crypto exchanges by North Korean agents. 

This action is part of a larger U.S. campaign to disrupt cyber activities that support North Korea’s nuclear and missile programs. 

The court’s ruling stemmed from a lawsuit launched by the U.S. government in 2020. It is alleged that these accounts were used to conduct complex money laundering schemes using digital assets stolen from various cryptocurrency exchanges and unregistered wallets.

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