Tag: missile program
Bogus IT workers are defrauding US businesses
The US government has seized over $7.74 million in illegal funds, allegedly siphoned off by illegitimate North Korean Information Technology (IT) workers for the benefit of the North Korean government. The US Department of Justice (DOJ) has filed a civil forfeiture complaint alleging that the IT workers secured employment in the US illegally, racking up millions of dollars in cryptocurrency and bypassing US sanctions placed against North Korea. According to the US Federal Bureau of Investigation (FBI), the use of North Korean IT workers to defraud the US is now taking place on a massive scale.
Feds try to block N. Korea’s crypto-cash pipeline
The US Federal Bureau of Investigation (FBI) is conducting an ongoing investigation into the notorious North Korean cybercrime group Lazarus, formerly known as “God’s Apostles”. The group is alleged to have stolen over $800 million in virtual currency. Over the past decade, the Lazarus group has targeted entertainment companies, banks, and pharmaceutical companies both in the US and worldwide. One heist, in particular, is referenced in the court documents, where approximately $41 million worth of virtual money was allegedly stolen from the online casino platform Stake.com and laundered through VCM Sinbad. Sinbad has since been sanctioned by the US Treasury Department’s Office of Foreign Assets Control for its involvement in laundering money from the Stake.com heist, among others executed by Lazarus.