Inside the DPRK’s Crypto Laundering Network
North Korean (DPRK) IT workers continue to infiltrate IT companies globally to earn income, often in cryptocurrency, used to finance North Korea’s production of weapons of mass destruction and ballistic missiles. Over the past few years, regulatory actions by the U.S. Treasury’s Office of Foreign Assets Control (OFAC), South Korea’s Ministry of Foreign Affairs (MOFA), and others have targeted individuals and entities enabling these schemes with sanctions, often including cryptocurrency addresses as identifiers.
Chainalysis closely tracks the inclusion of crypto addresses in sanctions designations targeting DPRK IT worker schemes, as well as open-source information on this threat. We closely monitor how the DPRK is using…
