US Files Suit Against Crypto Accounts Tied to North Korea

U.S. prosecutors are going after 280 cryptocurrency accounts allegedly tied to North Korea’s multimillion-dollar crypto heists and laundering networks with a new forfeiture suit filed Thursday.

• Justice department investigators say they traced the accounts to two cryptocurrency exchange hacks allegedly perpetrated by North Korea'a state-sponsored cyber hackers last year.
• The first, last July, emptied $272,000 in alt-coins from an unnamed exchange, according to prosecutors. They further allege that a second hack stole $2.5 million in crypto from a U.S.-based exchange two months later.
• North Koreans sloshed those funds through Chinese over-the-counter cryptocurrency traders linked to previous crypto laundering operations, according to prosecutors.

Read more: North Korean Hacker Group Targeted Crypto Firm Using LinkedIn Ad: Cybersecurity Report