3 hours ago
U.S. Treasury Crypto Sanctions Target $600K DPRK Scheme Backed by Chinese Front
Regulationcrypto fraudcryptocurrency regulationCybersecurityDPRK IT workersnorth koreaOFAC sanctionsU.S Treasury
TLDR: Treasury imposed fresh crypto sanctions on DPRK-linked actors accused of funneling funds into weapons programs. A Russian national and DPRK consular official moved $600K in crypto, triggering new U.S. sanctions. A Chinese front company earned $1M for DPRK entities through IT workers, Treasury reported. The new crypto sanctions expand U.S. efforts to block DPRK’s [...]
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