US Treasury Sanctions 11 Individuals Linked to North Korean Crypto IT Worker Scheme
(2 hours ago) · 1 source · Summarized by CryptoBipto
The US Treasury Department has sanctioned 11 individuals connected to a North Korean scheme in which IT workers funneled millions of dollars in cryptocurrency. The operation reportedly involved North Korean nationals posing as remote IT workers to earn income that was then moved through crypto channels. The sanctions freeze any US-based assets of the designated individuals and prohibit Americans from transacting with them.
WHY IT MATTERS
When a government "sanctions" someone, it means that person is officially banned from using that country's financial system — think of it like being put on a do-not-serve list at every bank and financial company in the US.
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SOURCES
- decrypt.co
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