US Treasury Sanctions 10 Individuals and 1 Entity to Crack Down on North Korean Crypto Money Laundering Network
2026-10-29 00:30:03
According to CoinMeta, the Office of Foreign Assets Control (OFAC), which is under the US Treasury Department, sanctioned 10 individuals and 1 entity to combat North Korean worker fraud and cryptocurrency laundering. A Russian individual has been exchanging approximately $3.5 million in cryptocurrencies for North Korean companies since 2024, while another individual has completed nearly $2 million in cryptocurrency exchanges for North Korean officials since January 2025. The sanctions also targeted a Russian entity controlled by North Korea, as well as its 6 workers who generated over $750,000 in revenue since 2025. Australia and the European Union also took similar sanction actions this month.
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Source:Internet
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