US Sanctions North Korea's Crypto Scammers
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
US Treasury Imposes Sanctions on North Korean Crypto Scam Ring
The US Treasury has sanctioned six individuals and two entities linked to a North Korean scheme involving fake IT workers scamming companies, particularly in the crypto sector, to fund weapons programs. The networks operate from North Korea, Vietnam, Laos, and Spain, with one key firm, Amnokgang Technology Development Company, accused of running the overseas workers, and a Vietnam CEO allegedly laundering $2.5 million in crypto. The sanctions freeze any US-linked assets and block financial dealings with America, targeting five individuals and another company involved in the fraud rings. Experts warn that these operations are spreading globally, using stolen identities and malware to steal data. Blockchain trackers note that the fraudsters now use multiple chains like Ethereum and Tron, posing a smart, growing danger to crypto businesses.
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