North Korea’s IT Schemes Busted: U.S. Sanctions Strike Again!
OFAC has sanctioned North Korean nationals and a company for deceptive IT worker schemes funding DPRK’s missile programs. These schemes see tech workers deployed in U.S. firms using fake identities. Meanwhile, the FBI updates its recommendations, and the U.S. offers up to $7 million for tips on these sanctioned individuals.
Hot Take:
Well, well, well, it looks like the North Korean IT workforce has been doing a little more than just debugging code and fixing printer issues. Turns out, they’ve been moonlighting as secret fundraisers for the DPRK’s missile and nuclear piggy bank. Who knew that behind every great North Korean missile, there might just be a fake LinkedIn profile and some serious cryptocurrency hustle?
Key Points:
- OFAC has sanctioned three North Korean nationals and the Korea Sobaeksu Trading Company.
- The sanctioned individuals were involved in fraudulent IT worker schemes to raise funds for North Korea.
- Earnings from these schemes were funneled to finance the DPRK’s missile and nuclear programs.
- Sanctions translate into asset freezes and transaction prohibitions with U.S. entities.
- The U.S. Department of State is offering rewards for information leading to the arrest of these individuals.
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