The U.S. Treasury Department sanctioned 10 individuals and 1 entity, including two Russian crypto intermediaries, for laundering money to support North Korea's weapons program.
The U.S. Treasury Department on Tuesday announced sanctions against 10 individuals and one entity, including two Russian cryptocurrency intermediaries, accusing them of laundering money through a North Korean fake IT worker scheme to fund North Korea's weapons programs. One Russian national processed nearly $2 million in cryptocurrency conversions and at least $1.25 million in other currency transfers since January 2025; another Russian national converted $3.5 million worth of cryptocurrency for a North Korean IT company. Additionally, one North Korean national has transferred nearly $500,000 in cryptocurrency for his team since 2024, and a North Korean-controlled entity has generated over $750,000 in revenue since 2025. The Treasury Department has published Ethereum and Tron wallet addresses associated with the sanctioned individuals to alert financial institutions.
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