U.S. sanctions North Korean-linked network laundering cybercrime funds.

The U.S. Treasury imposed sanctions on individuals and firms accused of laundering money from North Korean cybercrime operations. These schemes, which diverted over $3 billion in digital assets, allegedly help fund North Korea’s nuclear weapons program. The network spans North Korea, China, Russia, and other countries, using shell companies and IT worker fraud to move funds. Two sanctioned bankers reportedly managed millions in cryptocurrency for a blacklisted bank.

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https://www.securityweek.com/us-sanctions-north-korean-bankers-accused-of-laundering-stolen-cryptocurrency/