Treasury targets Russian and North Korean crypto fraud networks

Community Trust Score Verified 93 % Real Verified 15 votes Updated 1 hour ago The US Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned 10 individuals and one entity on October 28 for their roles in North Korean IT worker fraud schemes. The action targets financial intermediaries and workers based in Russia and North Korea who support operations that use fake identities to secure remote jobs at legitimate firms. The designation includes two Russian nationals, Ilya Boykov and Vitold Obertas, who allegedly converted millions in cryptocurrency for North Korea.

Source: The Currency Analytics