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US Treasury Department sanctions North Korean Crypto IT Scam
Summary: According to Decrypt, the US Treasury Department has announced sanctions on individuals and companies from North Korea, Russia, and China for allegedly stealing cryptocurrency from US businesses by posing as IT workers. The action targets North Korea's global network of IT workers, which has raised hundreds of millions of dollars for North Korea in recent ...
According to Decrypt, the US Treasury Department has announced sanctions on individuals and companies from North Korea, Russia, and China for allegedly stealing cryptocurrency from US businesses by posing as IT workers. The action targets North Korea's global network of IT workers, which has raised hundreds of millions of dollars for North Korea in recent years. The network infiltrated foreign companies by placing spies disguised as remote workers internally to steal cryptocurrency. The sanctions involve a Russian national, a North Korean official in Russia, a North Korean IT worker team, and a Chinese front company. These funds were used to support North Korea's nuclear weapons and ballistic missile programs.
