North Korean agents infiltrated a Fortune 500 company to steal $5 million, and also stole nearly $1 million in Crypto Assets.

According to Gate News bot, as reported by Fortune magazine, U.S. authorities have announced a new round of crackdowns on a large international fraud ring involving North Korean IT personnel, naming more than ten defendants in two new indictments, including New Jersey resident Danny Wang. The indictments allege that the ring generated over $5 million in illegal proceeds and hundreds of thousands of dollars in fees for U.S. co-conspirators. The second indictment charges four North Korean citizens with carrying out a complex operation that stole nearly $1 million in Crypto Assets. Law enforcement has searched 29 suspected "laptop farms" across 16 states and seized 29 financial accounts suspected of being used for Money Laundering and digital asset transactions.

According to the first major indictment from the District Court of Massachusetts, a group of North Korean IT workers is accused of conspiring with accomplices in New York, New Jersey, California, and overseas to steal the identities of more than 80 Americans, obtain remote work at over 100 companies (many of which are Fortune 500 companies), and steal at least $5 million. Authorities claim in a federal indictment that includes five charges, a second indictment states that a team of four North Korean IT workers traveled to the United Arab Emirates, where they used the stolen identities to impersonate remote IT workers, securing jobs for themselves and unnamed accomplices at U.S. companies, and then systematically stealing digital assets to fund North Korea's nuclear weapons program.