DOJ Disrupts North Korean Fake-Call Crypto Theft Scheme

The US Department of Justice has disrupted a North Korean scheme that used fake calls and deepfakes to impersonate trusted contacts and steal crypto. Officials attribute more than $400 million in losses over 18 months to the operation, known as FaceStealer, which relies on recordings and deepfakes. The takedown matters to traders because it targets a large-scale state-linked theft channel that has drained hundreds of millions from crypto holders.