US Sanctions North Korean IT Team for Crypto Heists

The United States Treasury Department has announced sanctions against a group of North Korean information technology workers operating overseas. These individuals are accused of participating in cryptocurrency theft schemes. According to the Treasury, the workers utilized deceptive identities to secure employment at various IT companies, after which they engaged in stealing digital currencies to fund North Korea’s weapons development programs. This move is part of a larger initiative by the US to curtail illicit activities conducted by North Korea, specifically cybercrime and money laundering. The sanctions target the assets held by these workers and prohibit US citizens from engaging in any transactions with them.