US Sanctions North Korea IT Worker Crypto Fraud Ring

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The US Treasury has sanctioned two people and four entities involved in what it says was a North Korea-run IT worker ring that would infiltrate crypto companies, aiming to exploit them.

The Treasury’s Office of Foreign Assets Control (OFAC) said on Tuesday that it sanctioned the North Korea-based Song Kum Hyok for allegedly stealing US citizens’ information to use as aliases and giving it to hired foreign IT workers who would seek employment at US companies.

OFAC also sanctioned the Russian national Gayk Asatryan for allegedly using his companies…



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US Sanctions North Korea IT Worker Crypto Fraud Ring


The US Treasury has sanctioned two people and four entities involved in what it says was a North Korea-run IT worker ring that would infiltrate crypto companies, aiming to exploit them.

The Treasury’s Office of Foreign Assets Control (OFAC) said on Tuesday that it sanctioned the North Korea-based Song Kum Hyok for allegedly stealing US citizens’ information to use as aliases and giving it to hired foreign IT workers who would seek employment at US companies.

OFAC also sanctioned the Russian national Gayk Asatryan for allegedly using his companies…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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