US Treasury targets 10 people and one entity over North Korean IT scheme

The sanctions target alleged laundering of illicit IT worker earnings on behalf of North Korea. Two Russian nationals converted more than $5 million in cryptocurrency for North Korean networks, according to Decrypt, while The Hill reports that the alleged scheme defrauded American businesses to benefit the North Korean military.

• OFAC listed cryptocurrency wallets associated with the two Russians, according to Decrypt.

Covered by 4 publishers within 20 hours of the first report.

• The Record: US sanctions Russians, North Koreans for laundering IT worker earnings

Reporting4

HIL The Hill Treasury sanctions North Koreans, Russians for alleged IT fraud · Max Rego 12:06 PM

REC The Record US sanctions Russians, North Koreans for laundering IT worker earnings 1:45 PM

DE Decrypt Treasury Sanctions 11 Over North Korean IT Worker Scheme That Moved Millions in Crypto · Decrypt Agent 7:32 AM

CD CoinDesk U.S. sanctions Russian nationals for laundering millions in crypto for North Korean IT workers · Francisco Rodrigues 8:18 AM

Related

BL Bank of Israel Slams Netanyahu’s Anti-Sanction Crypto Scheme October 23

CD HTX stops UK deposits and agrees to halt crypto promotions October 29

DE Robinhood Taps Ripple's Stablecoin, Treasury Software and Trading Loans October 27

DE Bitcoin Treasury Giant Strategy Faces Index Removal Under Finalized MSCI Rules October 15

Topics Crypto