April 14, 2024

After indictment, North Korea rushed to move stolen funds to safety: DOJ

Federal prosecutors say DPRK moved stolen cryptocurrency as soon as cybercrime charges were made public

Just days after federal prosecutors accused two Chinese nationals accused of laundering $100 million in stolen cryptocurrency funds for North Korea, the Justice Department filed an updated complaint on Friday evening with new allegations against the DPRK.

According to the updated criminal complaint, almost as soon as the criminal indictment was made public -- filled with pages of details about how the DPRK allegedly hacked and stole nearly $250 million worth of cryptocurrency from international exchanges -- North Korea began a mad dash to empty its accounts of millions of dollars' worth of those stolen funds.

Become a member for less than $4 per week.

  • Unlimited access to all of NK News: reporting, investigations, analysis
  • The NK News Daily Update, an email newsletter to keep you in the loop
  • Searchable archive of all content, photo galleries, special columns
  • Contact NK News reporters with tips or requests for reporting
Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts.
Subscribe now

All major cards accepted. No commitments – you can cancel any time.