PANews|Oct 28, 2026 14:56
[US Treasury Sanctions 10 Individuals and 1 Entity to Crack Down on North Korean IT Worker Fraud and Crypto Money Laundering Network] The US Treasury Department's Office of Foreign Assets Control (OFAC) announced sanctions against 10 individuals and 1 entity. These individuals are involved in North Korean IT workers defrauding US companies, with proceeds used for North Korea's weapons of mass destruction and ballistic missile programs. Russian national Ilya Boykov, who was sanctioned, exchanged approximately $3.5 million worth of cryptocurrency for the North Korean company Alis since 2024. Russian national Vitold Obertas, who facilitated nearly $2 million in cryptocurrency exchanges for North Korean officials since January 2025, was also sanctioned. Also sanctioned is FFTDC, a North Korean-controlled entity based in Russia, and its six IT workers, who generated over $750,000 in revenue since 2025.
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