U.S. court orders confiscation of wallet assets related to North Korean IT worker money laundering activities
2026-09-08 14:23:33
According to CoinMeta, and based on documents from Yonhap News Agency and the U.S. Department of Justice, a federal judge in Washington, D.C. has ordered the confiscation of wallet assets associated with money laundering activities by North Korean workers overseas. The prosecution stated that this wallet address received approximately $158,123 in USDC and $54,574 in USDT, totaling around $212,700. The funds came from at least 14 payment addresses belonging to North Korean workers. This ruling is part of a case in which the U.S. Department of Justice previously sought to confiscate over $7.74 million in North Korea-related crypto assets. The court only approved the confiscation of the assets related to the aforementioned wallet this time. The U.S. Department of Justice mentioned that North Korean workers have been obtaining overseas remote jobs under false identities for a long time and have used stablecoins, cross-chain transfers, and token exchanges to launder their income.
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