Ace quick missions & earn crypto rewards while gaining real-world Web3 skills. Participate Now! 🔥
Remote Work Scam: North Koreans Stole $1 Million in Crypto, DOJ Says
Last Updated: July 01, 2025
✓ Fact Checked
Key Takeaways
- Four North Koreans were charged for stealing nearly $1million in crypto by posing as remote IT workers;
- The group used fake IDs to get hired at blockchain firms in the US and Serbia, then exploited internal systems;
- Prosecutors said the stolen funds were laundered and sent to North Korea to help fund its sanctioned weapons programs.
US prosecutors have charged four North Korean citizens with wire fraud and money laundering after they allegedly pretended to be remote IT workers to steal nearly $1 million in crypto.
The charges were filed in the state of Georgia and involve two blockchain companies based in the US and Serbia.
The US Department of Justice (DOJ) identified the suspects as Kim Kwang Jin, Kang Tae Bok, Jong Pong Ju, and Chang Nam Il. The group reportedly used fake and stolen IDs to hide that they were North Korean citizens.
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe - We publish new crypto explainer videos every week!
What is DeFi in Crypto? (Explained with Animations)
They started operating from the United Arab Emirates in 2019 before later getting jobs at a blockchain startup in Atlanta and a crypto firm in Serbia between December 2020 and May 2021.
Kim and Jong are accused of using fake documents, including false identification, to secure employment. US Attorney Theodore S. Hertzberg said this method poses a risk for companies that rely on remote workers, as it can be difficult to confirm someone's true identity.
After getting access to internal systems, the suspects carried out two separate thefts. In February 2022, Jong allegedly stole around $175,000 in cryptocurrency. A month later, Kim exploited smart contract code to take another $740,000.
The stolen money was then moved through mixing services and sent to exchange accounts controlled by Kang and Chang. These accounts were set up using fake Malaysian IDs, investigators said.
According to John A. Eisenberg, the assistant attorney general for national security, the stolen funds were meant to help North Korea avoid sanctions and support its banned weapons programs.
Recently, Dwayne Golden, a 57-year-old man from the US, was sentenced to nearly eight years in prison. What happened? Read the full story.
Loading...
The Most Liked Crypto News Findings
Looking for more latest crypto news on related topic? We have gathered similar news articles for you to spare your time. Take a look!
Latest Crypto News & Videos
