Treasury Sanctions 11 Over North Korean IT Worker Scheme That Moved Millions in Crypto

What happened: The U.S. Treasury's OFAC sanctioned 10 individuals and one entity over North Korean IT worker schemes that defraud U.S. businesses and fund the country's weapons programs. Key numbers: Obertas carried out nearly $2 million in crypto conversions since January 2025 plus at least $1.25 million in other currency transactions. Why it matters: The listings include Ethereum and Tron addresses, one shared by both Russian nationals. Treasury said the action builds on March sanctions against a separate network, with Australia and the EU making their own designations this month. Coverage: 5 outlets in 24h

The U.S. Treasury's OFAC sanctioned 10 individuals and one entity over North Korean IT worker schemes that defraud U.S. businesses and fund the country's weapons programs.

The listings include Ethereum and Tron addresses, one shared by both Russian nationals. Treasury said the action builds on March sanctions against a separate network, with Australia and the EU making their own designations this month.