Update
U.S. Treasury Sanctions Crypto Launderers
The U.S. Treasury Department sanctioned ten individuals and one entity, including two Russian crypto middlemen, for laundering money from North Korean fake IT worker schemes. The workers are typically placed at legitimate firms under invented personas, and some have gained access to corporate networks, where they have planted malware and taken proprietary data. The sanctions focused on the people who move the money, with Vitold Obertas and Ilya Boykov at the center of the action, handling nearly $2 million in crypto conversions and $1.25 million in other currency transfers for North Korean officials since January 2025.