Particle.news
Download on the App Store
27 ARTICLES
·
11h ago

U.S. Dismantles North Korean IT Fraud Network in Multi-State Raid

Seized evidence helped prosecutors charge 14 foreign operatives who are accused of funneling more than $5 million to Pyongyang’s weapons programs after the arrest of a U.S. facilitator.

This photo from the US District Court District of Massachusetts shows North Korean information technology workers on a multi-member team that the US Department of Justice says works with the North Korean government to fund its regime. Note: Parts of the image provided by the US District Court District of Massachusetts have been obscured.
FILE - The U.S. Department of Justice logo is seen on a podium before a press conference with Attorney General Pam Bondi, Tuesday, May 6, 2025, at the Justice Department in Washington. (AP Photo/Julia Demaree Nikhinson, file)
Image
Image

Overview

  • Zhenxing “Danny” Wang, a U.S. citizen from New Jersey, was arrested and indicted for orchestrating a scheme that placed North Korean operatives in over 100 American tech firms using stolen identities.
  • Four North Korean nationals face wire fraud and money laundering charges for stealing more than $900,000 in cryptocurrency from two companies under false pretenses.
  • Six Chinese nationals and two Taiwanese citizens were indicted for creating shell companies, managing ‘laptop farms’ and laundering proceeds to conceal payments to the North Korean regime.
  • Law enforcement agents seized 137 laptops, 29 financial accounts and 21 web domains linked to the network’s infrastructure used for remote IT access and fund transfers.
  • Court filings show the fraud network generated upwards of $5 million for North Korea’s weapons programs and inflicted at least $3 million in remediation costs on victim companies.