US Treasury sanctions North Korean crypto IT scam

ChainCatcher news, according to Decrypt, the U.S. Treasury Department has announced sanctions against individuals and companies from North Korea, Russia, and China for allegedly stealing cryptocurrency from U.S. companies by posing as IT workers. This operation involves a global network of North Korean IT workers, which has raised hundreds of millions of dollars for North Korea over the past few years.

This network infiltrates foreign companies by planting spies disguised as remote workers to steal cryptocurrency from within. The sanctions target a Russian national, a North Korean official based in Russia, a team of North Korean IT workers, and a Chinese shell company. These funds have been used to support North Korea's nuclear weapons and ballistic missile programs.