US court filing via CourtListener RECAP: Kim v. The Democratic People's Republic of Korea
Circle froze USDC in three Ethereum wallets belonging to North Korea or the Lazarus Group · September 2024
North Korea, as part of a long-running international campaign of hacking and fraud, holds at least 2,522,419 USDC in three Ethereum wallets. In September 2024, Circle learned that North Korea possessed USDC and implemented something that Circle calls "access denial," ... Circle froze the balances of these addresses because these funds belonged to North Korea or the Lazarus Group, a North Korean instrumentality. [Case No. 1:25-mc-00527, U.S. District Court for the Southern District of New York; filing: MOTION Turnover . Document filed by Han Kim, Yong Seok Kim.]