US Justice Department seized $500K in fiat and crypto from hackers connected to DPRK government

US Justice Department seized $500K in fiat and crypto from hackers connected to DPRK government

The United States Department of Justice seized and returned approximately $500,000 in crypto and fiat from a hacking organization linked to the North Korean government. This included two payments made by U.S. healthcare providers.

The Justice Department announced Tuesday that it was working with the FBI to investigate a ransomware payment of $100,000 in Bitcoin (BTC), from a Kansas hospital, to a North Korean hacking organization in order to regain its systems. It also investigated a $120,000 BTC payment made by a Colorado medical provider to one wallet connected to the attack. The FBI issued a seizure order in May for funds from the ransom attacks and other money laundered through China.

Duston Slinkar is the U.S. attorney for the District of Kansas. These hackers don’t know the persistence of the U.S. Justice Department in returning the funds to their rightful owners.

In a speech to the International Conference on Cyber Security on Tuesday, Lisa Monaco, the U.S. Deputy Attorney general, stated that authorities rely on victims in the private sector for ransomware attacks and other crimes being reported “as soon” as they occur.

Companies that work with us will see that we stand by them in the aftermath of an incident. Companies that work with us will know that we are there for them after an incident. #ICCS2022 Read her remarks here: https://t.co/l6MlgJU9mNhttps://t.co/l6MlgJU9mN pic.twitter.com/CYTH6WuNf1
— Justice Department (@TheJusticeDept), July 19, 2022

Monaco claims that the FBI and Justice Department tracked ransom payments through blockchains in the same manner they found and seized over $2 million worth of crypto after an attack on the Colonial Pipeline System in 2021. Lately, the Office of the Attorney General announced the creation of a National Cryptocurrency Enforcement Team within the Justice Department and a Virtual Asset Exploitation Unit within the FBI. Both teams were created to address cybercrimes that involve “digital extortion,” which includes crypto.

Related: US Federal Judge Approves Justice Dept Criminal Complaint on Crypto To Evade Sanctions

According to reports, hackers linked to Russia or North Korea have been responsible for numerous ransomware attacks and cyber attacks both in the United States as well as globally. The Office of Foreign Assets Control, Treasury Department, named Lazarus Group, a North Korean cybercriminal, as the culprit in the March 2022 hack of Ronin Bridge. More than $600 Million in crypto assets was stolen.

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Amy Jimenez

Amy Jimenez– Services My name is Amy Jimenez, and I am the main writer behind the" allthetopnews.com" for the ground-breaking and most fragile bits of knowledge into the most recent news in the services sector. I began my voyage of work as an autonomous investment advisor. I had around 4 years of involvement in this field. I am a free soul so; my energy for investigating the world has taken me to the countries over the globe and allowed me to report for a part of the best news affiliations. At present, I am a full-time manager as experienced in the account and began to utilize my capacities.

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Close Bitnami banner
Bitnami