The US Treasury Department announced sanctions on the network of individuals and businesses in North Korea, Russia and China on Wednesday, filed a complaint for its role in stealing cryptocurrency from American companies by posing as IT workers.
Sanctions provide insight into IT workers’ businesses based on North Korea’s sophisticated gloves. The operation has been placed a spy Poses as a remote worker Within foreign companies, they ultimately used them to steal cryptocurrency businesses from within.
A similar scheme includes gaining access to such companies by tricking real employees. Online scam.
Sanctions today were targeted at one such operation, which is said to have included the Russian citizen, vitaliy Andreyev. Kim Eun-sang is a Russian-based North Korean official. A North Korean company made up of a delegation of North Korean IT workers. And that team’s Chinese front office.
Russian citizen Andreiyev is said to have supported North Koreans in converting stolen cryptocurrencies into US dollars via IT worker schemes. The Treasury said funds from these projects are being used to support North Korea’s nuclear and ballistic missile weapons programme.
“The North Korean administration continues to target American companies through fraud schemes involving overseas IT workers stealing data and demanding ransom,” John K. Hurley said in a statement under the Treasury Secretary. “Under President Trump, the Treasury Department is committed to protecting Americans from these schemes and holding them accountable for their guilty.”
Today’s announcement builds on the previous actions taken by the Biden administration to target the associated cryptocurrency theft scheme. The Ministry of Finance was first in 2023 Authorization It is called Chinyong, one of North Korean IT workers’ companies at the heart of today’s announcement.
The Trump administration has changed markedly from its predecessor with the stated approach to coin mixing services that delinquent actors use to wash stolen cryptocurrencies. The Biden Treasury Department has been actively pursuing sanctions against such decentralized intermediaries, but the Trump administration has I’ve retreated In the last few months since then, he claims that it’s just something he wants to pursue. Bad actor I involved myself.
However, earlier this month, the Trump Department of Justice managed to obtain a jury Prisoner Roman Storm is the co-founder of the popular coin mixing service and Tornado Cash, an illegal remittance request for crimes.
After that, it appeared that DOJ was returning that victory, Pledge A few weeks later, the crypto industry leader’s room will no longer bring the claims they used to convict Storm against a “truly decentralized” software developer who has no custody of the user fund, even if the software is being used by criminal organizations to wash the funds.
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