IT workers at blockchain development companies; $7.74 million frozen

Date (as written): 2025-06-05
Year: 2025
Actors (as written): North Korean IT workers; Sim Hyon Sop; Kim Sang Man (Chinyong)
Actor pages: North Korean IT workers Sim Hyon Sop Kim Sang Man
Tags (as written): IT workers; crypto laundering
Dollar figures (as written): over USD 7.7 million; USD 7.7 million; $7.74 million

Source entries (2)

TRM Labs blog: DOJ Seeks Forfeiture of $7.7 Million in Cryptocurrency Tied to North Korean IT Worker Laundering Network

DOJ civil forfeiture complaint, D.D.C., tied to North Korean IT worker laundering network · (June 5, 2025 filing)

On June 5, 2025, the US Department of Justice filed a verified civil forfeiture complaint in the US District Court for the District of Columbia, targeting over USD 7.7 million in cryptocurrency, NFTs, and digital assets allegedly linked to a global laundering scheme directed by North Korea.

https://www.trmlabs.com/resources/blog/doj-seeks-forfeiture-of-7-7-million-in-cryptocurrency-tied-to-north-korean-it-worker-laundering-network

DOJ OPA press release: Civil forfeiture complaint against over $7.74M laundered for North Korea (2025-06-05)

IT workers at blockchain development companies; $7.74 million frozen · 2025-06-05

While the North Koreans were attempting to launder those ill-gotten gains, the U.S. government was able to freeze and seize over $7.74 million tied to the scheme.

https://www.justice.gov/opa/pr/department-files-civil-forfeiture-complaint-against-over-774m-laundered-behalf-north-korean

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