U.S. DOJ moves to forfeit $15.1 million in Tether seized from North Korean hacker group
Summary
- The U.S. Department of Justice said it has initiated forfeiture proceedings for $15.1 million worth of Tether (USDT) seized from a North Korean hacking group.
- It said this forfeiture process is a legal approval procedure to return victims of overseas virtual asset platform hacks.
- The Department of Justice said tracking, seizure, and forfeiture operations on the stolen virtual assets will continue.
The U.S. Department of Justice has initiated forfeiture proceedings for $15.1 million worth of Tether (USDT) seized from a North Korean hacking group.
On the 15th (local time), according to the U.S. Department of Justice, the government filed two civil forfeiture lawsuits to formally seize the Tether that North Korean hackers stole from overseas virtual asset (cryptocurrency) platforms the year before last.
The funds were found to have been siphoned off by APT38, a hacking organization under North Korea's Reconnaissance General Bureau, after hacking four overseas virtual asset platforms at the time. The FBI seized the related funds in March of this year, and this forfeiture process is the legal approval procedure for returning them to the victims.
The Department of Justice said, "APT38 continues to launder funds through various channels such as bridges, mixers, and over-the-counter trades," and added, "Tracking, seizure, and forfeiture operations on the related stolen virtual assets will continue."
Doohyun Hwang
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