The U.S. Treasury Department sanctioned 10 individuals and 1 entity, targeting North Korea's IT worker fraud and cryptocurrency money laundering network.

BlockBeats news, October 28 - The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced sanctions on 10 individuals and 1 entity. These targets are involved in North Korean IT workers defrauding U.S. companies, with proceeds used for North Korea's weapons of mass destruction and ballistic missile programs.

Sanctioned Russian national Ilya Boykov has exchanged approximately $3.5 million in cryptocurrency for North Korea's Alis company since 2024. Russian national Vitold Obertas has completed nearly $2 million in cryptocurrency exchanges for North Korean officials since January 2025. Also sanctioned are North Korea-controlled entity FFTDC based in Russia and its 6 IT workers, who have generated over $750,000 in revenue since 2025. Australia and the European Union also took similar sanctions actions this month.