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Crypto Heist Crew Exposed: US Sanctions North Korea’s Shadow Coders

  • 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.

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