In brief
- OFAC sanctioned 10 individuals and one entity over North Korean IT worker schemes that defraud U.S. businesses and fund the country’s weapons programs.
- Treasury says Russian nationals Ilya Boykov and Vitold Obertas converted millions of dollars in crypto for North Korean networks since 2024.
- The sanctions listings include Ethereum and Tron addresses, one of which is linked to both Russian men.
The U.S. Treasury Department has sanctioned 10 individuals and one entity for their roles in North Korean IT worker schemes that defraud U.S. businesses and generate revenue for the country’s weapons programs, the department said on Wednesday.
North Korea uses fake documents, stolen identities and invented personas to place IT workers at…
