The US Treasury’s Office of Foreign Assets Control announced sanctions on 10 individuals and one entity on October 28 over North Korean IT-worker schemes targeting US businesses.
Cryptocurrency networks targeted
Treasury said the schemes used stolen identities and fabricated personas to obtain jobs and generate revenue for North Korea’s weapons programs. It accused the supporting networks of using cryptocurrency transactions and money-laundering methods to move proceeds.
Among the designated targets was the First Financial and Technical Development Center, a North Korean-controlled entity in Russia. Treasury said six workers generated more than $750,000 for it since 2025.
Sources: BlockBeats English report and the original Chinese flash, with the Treasury sanctions DPRK IT-worker fraud facilitators. The flash was published 2026-10-28 at 15:04:01 UTC.