US North Korea IT Worker Crypto Fraud Ring

The Treasury of the United States has punished two people and four creatures involved in saying it was a North Korean’s IT worker that would enter crypto companies, aimed at taking advantage of them.
The Treasury Office of Foreign Assets Control (OFAC) Says On Tuesday that allowed North Korean -based song Kum Hyok for allegedly stealing information of U.S. citizens to be used as aliases and to provide it with the hired by foreign IT workers who would look for work in US companies.
OFAC also enhances Russian national Gayk Asatryan for allegedly using its companies to use dozens of North Korean workers under a long-term agreement that he signed with North Korean trading firms starting in 2024.
A growing number of deceptive tech workers in contact with North Korea, officially the Democratic People’s Republic of Korea (DPRK), has become expanding their infiltration operationsIn an April report from Google that the infrastructure for schemes has been found worldwide.
“The Treasury remains focused on using all available tools to interrupt Kim regime’s efforts to avoid penalties by stealing digital property, attempting to pretend Americans, and malicious cyber attacks,” Treasury Deputy Secretary Michael Faulkender said.
Thousands of IT workers target wealthy countries to fund the missile program
OFAC said North Korea aims to generate revenue for ballistic missile programs by deploying a thousands of powerful workers of IT workers around the world, most of which can be found in China and Russia.
Workers are primarily targeting employers found in wealthy countries and using a variety of major networking platforms and specific industries, OFAC said.
The Penalty All US properties are connected to Asatryan, song, and four Russian entities named frost. It is also illegal for people in the US to conduct any financial transactions or have a business deal with them under the threat of civil and criminal penalties.
North Korea moving away from hacks
North Korea is well-known in high-profile hacks by teams As the Lazarus Groupand is responsible for some of the biggest crypto hacks recorded, like $ 1.5 billion bybit exploitation In February.
However, Blockchain Intelligence Firm TRM Labs Says On Tuesday they begin to change tactics.
“While exchange violations remain significant, operations associated with the DPRK are increasingly moving towards a generation based on deception, including the IT worker’s infiltration,” the company said.
TRM Labs estimated Throughout 75 Crypto hacks and exploitation In the first half of 2025.
We have fallen to North Korean IT workers
US authorities are increasingly cracked with deceptive North Korean workers’ schemes this year.
Related: North Korea targets crypto workers with new information that irritates malware
On June 30, four North Korea the nationality was charged with wire fraud and money laundering After being used as remote US workers and Serbia’s blockchain companies.
Meanwhile, on June 5, the US Department of Justice said it was Trying to seize $ 7.74 million in frozen crypto North Korea workers have enhanced earnings that use fake identities and work with blockchain firms as distant contractors.
Magazine: North Korea Crypto Hackers Tap Chatgpt, Malaysia Road Money Siphoned: Asia Express