US EditionUS sanctions North Korean bankers accused of laundering stolen cryptocurrency
The Treasury sanctioned eight individuals and two entities for laundering over $3 billion in cryptocurrency stolen by North Korean hackers to fund nuclear weapons programs.
- United States Treasury Department on Tuesday designated eight individuals and two entities for laundering cryptocurrency tied to cyberattacks and illicit schemes that help fund Pyongyang's weapons programs.
- Last month, blockchain analytics firm Elliptic reported DPRK-linked hackers stole more than $2 billion in 2025, and over the past three years they diverted more than $3 billion using malware, phishing and social engineering.
- Sanctions named Korea Mangyongdae Computer Technology Company, whose president U Yong Su allegedly used Chinese nationals as banking proxies, and Ryujong Credit Bank for facilitating transfers, according to the Treasury.
- The Treasury said the designations reinforce efforts to cut off illicit revenue streams that fuel North Korea's weapons programs and cyber operations threatening U.S. and global security.
- An international 138-page report published last month documented the scope, and Treasury warned in 2022 about remote DPRK IT workers who obfuscate identities.
32 Articles
32 Articles
US sanctions N. Korean bankers accused of laundering stolen cryptocurrency
WASHINGTON — The United States on Tuesday imposed sanctions on a group of bankers, financial institutions and others accused of laundering money from cyber crime schemes — money the Treasury Department says helps pay for North Korea's nuclear weapons program. Over the past three years, North Korean malware and social engineering schemes have diverted more than $3 billion, mostly in digital assets, Treasury’s Office of Foreign Assets Control said…
The US Treasury Department announced the introduction of new North Korea-related sanctions, targeting individuals and institutions from North Korea and China.
(Washington = Yonhap News) Correspondent Lee Yu-mi = The U.S. government has newly designated eight North Korean nationals and two North Korean organizations as targets of sanctions.
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