The post How Maryland Man Helped North Koreans Steal $2 Billion in Crypto appeared on BitcoinEthereumNews.com. A Maryland man was sentenced to prison this week for helping IT workers linked to North Korea infiltrate US companies. This incident fits into a wider pattern in 2025, where insider access and rising crypto theft are becoming key features of North Korea’s cyber strategy.  Sponsored Sponsored US Jobs Opened to North Koreans The Justice Department announced on Thursday the sentencing of Minh Phuong Ngoc Vong, an American citizen convicted of conspiracy to commit wire fraud. Prosecutors proved that Vong used false credentials to secure remote software development jobs for North Korean nationals at 13 American companies. According to public documents, Vong allowed a foreign operator to use his logins, devices, and identity documents to perform the work remotely. The man, who operated from China, is believed to be from North Korea. One job created a particular risk when a Virginia technology firm hired Vong for work on a Federal Aviation Administration contract in 2023.  The role required US citizenship and granted him a government-issued personal identity verification card. Vong installed remote-access tools on the company laptop. The move allowed the North Korean man to complete the work from abroad inconspicuously. The company paid Vong more than $28,000, and he sent part of those earnings to his overseas partners. Court filings show he collected over $970,000 across all companies, with most of the work performed by North Korean-linked operatives. Several firms also subcontracted with him for US government agencies, further expanding the exposure. Sponsored Sponsored Vong was sentenced to 15 months in federal prison, followed by three years of supervised release. The case comes as North Korea intensifies its global cyber operations.  Record Year for North Korean Hacks In October, blockchain analytics firm Elliptic reported that North Korea-linked hackers had stolen over $2 billion in cryptocurrency in 2025. This figure… The post How Maryland Man Helped North Koreans Steal $2 Billion in Crypto appeared on BitcoinEthereumNews.com. A Maryland man was sentenced to prison this week for helping IT workers linked to North Korea infiltrate US companies. This incident fits into a wider pattern in 2025, where insider access and rising crypto theft are becoming key features of North Korea’s cyber strategy.  Sponsored Sponsored US Jobs Opened to North Koreans The Justice Department announced on Thursday the sentencing of Minh Phuong Ngoc Vong, an American citizen convicted of conspiracy to commit wire fraud. Prosecutors proved that Vong used false credentials to secure remote software development jobs for North Korean nationals at 13 American companies. According to public documents, Vong allowed a foreign operator to use his logins, devices, and identity documents to perform the work remotely. The man, who operated from China, is believed to be from North Korea. One job created a particular risk when a Virginia technology firm hired Vong for work on a Federal Aviation Administration contract in 2023.  The role required US citizenship and granted him a government-issued personal identity verification card. Vong installed remote-access tools on the company laptop. The move allowed the North Korean man to complete the work from abroad inconspicuously. The company paid Vong more than $28,000, and he sent part of those earnings to his overseas partners. Court filings show he collected over $970,000 across all companies, with most of the work performed by North Korean-linked operatives. Several firms also subcontracted with him for US government agencies, further expanding the exposure. Sponsored Sponsored Vong was sentenced to 15 months in federal prison, followed by three years of supervised release. The case comes as North Korea intensifies its global cyber operations.  Record Year for North Korean Hacks In October, blockchain analytics firm Elliptic reported that North Korea-linked hackers had stolen over $2 billion in cryptocurrency in 2025. This figure…

How Maryland Man Helped North Koreans Steal $2 Billion in Crypto

2025/12/06 07:17

A Maryland man was sentenced to prison this week for helping IT workers linked to North Korea infiltrate US companies.

This incident fits into a wider pattern in 2025, where insider access and rising crypto theft are becoming key features of North Korea’s cyber strategy. 

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US Jobs Opened to North Koreans

The Justice Department announced on Thursday the sentencing of Minh Phuong Ngoc Vong, an American citizen convicted of conspiracy to commit wire fraud. Prosecutors proved that Vong used false credentials to secure remote software development jobs for North Korean nationals at 13 American companies.

According to public documents, Vong allowed a foreign operator to use his logins, devices, and identity documents to perform the work remotely. The man, who operated from China, is believed to be from North Korea.

One job created a particular risk when a Virginia technology firm hired Vong for work on a Federal Aviation Administration contract in 2023. 

The role required US citizenship and granted him a government-issued personal identity verification card. Vong installed remote-access tools on the company laptop. The move allowed the North Korean man to complete the work from abroad inconspicuously.

The company paid Vong more than $28,000, and he sent part of those earnings to his overseas partners. Court filings show he collected over $970,000 across all companies, with most of the work performed by North Korean-linked operatives. Several firms also subcontracted with him for US government agencies, further expanding the exposure.

Sponsored

Sponsored

Vong was sentenced to 15 months in federal prison, followed by three years of supervised release.

The case comes as North Korea intensifies its global cyber operations. 

Record Year for North Korean Hacks

In October, blockchain analytics firm Elliptic reported that North Korea-linked hackers had stolen over $2 billion in cryptocurrency in 2025. This figure represents the highest annual total ever recorded. 

The overall amount attributed to the regime now surpasses $6 billion. These proceeds are widely believed to support nuclear and missile development.

This year’s surge stemmed from several major incidents, including the $1.46 billion Bybit breach, as well as attacks on LND.fi, WOO X, and Seedify. Analysts have also connected more than 30 other hacks to North Korean groups.

Most breaches in 2025 began with social engineering rather than technical flaws. Hackers relied on impersonation, phishing, and fabricated support outreach to gain wallet access. The trend highlights a growing focus on human weaknesses over code vulnerabilities.

Taken together, these trends suggest a coordinated approach, with North Korea combining insider infiltration with advanced cryptocurrency theft to expand both its income and operational footprint.

Source: https://beincrypto.com/maryland-fraud-tied-to-north-korea-hacks/

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The post Maryland Man Sentenced for Allegedly Aiding North Korea’s US Company Infiltration and Sensitive Data Access appeared on BitcoinEthereumNews.com. North Korea’s IT workers infiltrated US companies through a Maryland man’s scheme, earning over $970,000 while enabling access to sensitive government systems. This operation supported the regime’s cyber activities, including crypto hacks that stole $2 billion in 2025, funding nuclear programs. Minh Phuong Ngoc Vong sentenced to 15 months in prison for aiding North Korean infiltration. He used fake credentials to secure jobs at 13 US firms, passing work to overseas conspirators. North Korea stole $2 billion in crypto in 2025 via hacks, totaling over $6 billion recently, per blockchain analytics firm Elliptic. Discover how North Korea’s IT infiltration and crypto hacking schemes threaten US security. Learn the details of the Maryland case and regime’s $6B theft. Stay informed on cybersecurity risks today. What is North Korea’s IT Infiltration Scheme in US Companies? North Korea’s IT infiltration scheme involves covertly placing regime-affiliated workers into US companies using fake identities to generate revenue and access sensitive systems. In a recent Maryland case, Minh Phuong Ngoc Vong was sentenced to 15 months in prison and three years of supervised release for facilitating this for three years across 13 companies. The operation netted over $970,000, much of which funded North Korea’s weapons programs through software work performed by overseas actors, including those in China near the border. How Does North Korea Use Crypto Hacking to Fund Its Programs? North Korea employs sophisticated cyber groups to target cryptocurrency exchanges and wallets, stealing digital assets that convert to fiat for regime funding. According to blockchain analytics firm Elliptic, these groups pilfered approximately $2 billion in cryptocurrencies in 2025 alone, contributing to a total exceeding $6 billion in recent years from hacks on platforms like Bybit and Upbit. This influx directly supports nuclear and missile development, as confirmed by US intelligence assessments. Experts note the regime’s…
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BitcoinEthereumNews2025/12/06 09:12