US Treasury officials announced sanctions aimed at shutting down a North Korea-backed IT worker network targeting crypto firms and tech companies.
Two individuals and four entities are now cut off from the US financial system to prevent the misuse of stolen identities and crypto theft funding North Korea’s missile programs.
The sanctions target an operator accused of creating fake identities with stolen US data and a Russian national employing North Korean developers, with frozen assets tied to them and four Russian entities.
North Korea’s IT workforce, numbering in the thousands, operates globally through worker schemes to raise funds for missile work, while state-aligned groups increasingly rely on deception rather than high-profile hacks.