Offshore Alert reporter David Marchant disclosed the United States has initiated two forfeiture complaints related to previously confiscated bitcoin ( BTC) and tether ( USDT), alleging that these funds were snatched by the notorious North Korean hacking groups Lazarus Group and Advanced Persistent Threat 38 (APT38). These cyber hacking syndicates are known for their operations to fund the North Korean regime. Marchant’s report states that the complaints trace back to a theft of $879 million in cryptocurrency from five organizations based in Vietnam, the U.S., Singapore, and Japan, spanning over a year from 2021 to 2022. One complaint, filed in the U.S. District Court for the District of Columbia, targets bitcoin seized from eight transactions used in a cryptocurrency bridge, while the other complaint hones in on USDT stored in five digital wallet addresses under hacker control. According to Offshore Alert, these actions are part of broader efforts by U.S. authorities to claw back assets tied to North Korean cybercrimes.
US Targets Lazarus Group and APT38 in $879M Crypto Forfeiture Complaint
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
