[US Treasury Sanctions 10 Individuals and 1 Entity to Crack Down on North Korean IT Workers' Fraud and Crypto Money Laundering Network] BlockBeats reports that on October 28, 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. Ilya Boykov, a Russian national, was sanctioned for exchanging approximately $3.5 million in cryptocurrency for the North Korean company Alis since 2024. Vitold Obertas, also a Russian national, facilitated nearly $2 million in cryptocurrency exchanges for North Korean officials starting in January 2025. 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. Australia and the EU also took similar sanctions this month. [Original Link]