US Sanctions North Korea’s Shadow Coders
US Treasury officials announced sanctions this week aimed at shutting down a North Korea‑backed IT worker network that targeted crypto firms and other tech companies. Two individuals and four entities are now cut off from the US financial system.
According to Treasury Deputy Secretary Michael Faulkender, these steps are meant to stop the misuse of stolen identities and crypto theft that funds North Korea’s missile programs. It’s a sharp pivot from giant hacks to undercover operations.
Stealth Operations Uncovered
Based on reports from the Office of Foreign Assets Control (OFAC), the sanctions hit Song Kum Hyok, a North Korea‑based operator accused of stealing US citizens’ data to create fake identities.
Today, the…
