US Treasury Sanctions North Korean IT Worker Network Infiltrating Crypto Firms
2025-07-09 13:30:57
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Description
The US Treasury has sanctioned two individuals and four entities linked to a North Korean IT worker ring accused of infiltrating cryptocurrency companies to fund the country’s missile programs. The Treasury’s Office of Foreign Assets Control (OFAC) announced the sanctions on Tuesday, stating that the network aimed to steal personal data, impersonate Americans, and embed operatives within US crypto firms under false identities. Song Kum Hyok, a North Korea-based operative, was sanctioned for alle...
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