Cryptocurrency exchange Binance has revealed that it has “assisted US law enforcement” in seizing $4.4 million worth of crypto assets connected to cybercrime groups. of North Korea.
In a May 25 Twitter thread, Binance said that through its Investigations team, it has been working with law enforcement in the United States to prevent “illegal revenue-generating activities” of the company. four entities are currently under sanctions in North Korea.
“We proactively took action against accounts connected to these individuals over a year ago, complying with lawfully served orders and in coordination with law enforcement,” the company said. ty said.
When asked if the company has more collaborative efforts at work, a Binance spokesperson said that the company is “constantly monitoring our platform for nefarious state actors and cooperate with law enforcement”.
A May 23 statement from the Treasury Department’s Office of Foreign Assets Control (OFAC), announced it had sanctioned four organizations and one individual for engaging in “malicious cyber activities that support Government of the Democratic People’s Republic of Korea .