by: xpoolPosted on:

U.S. Targets DPRK Cybercriminals Laundering Cryptocurrency Funds

The U.S. Treasury Department has sanctioned eight individuals and two organizations for allegedly laundering cryptocurrency funds linked to North Korean state-sponsored cybercrime. These actions are aimed at disrupting revenue streams that fund North Korea’s weapons program, according to the Treasury. The Office of Foreign Assets Control (OFAC) announced these designations after investigations revealed the DPRK’s use of stolen cryptocurrencies to finance nuclear and missile activities.

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