The Treasury sanctions crypto IT scam spanning North Korea, Russia, and China

The U.S. Treasury has announced sanctions against North Korean, Russian, and Chinese entities involved in a cryptocurrency scam. This operation, which misused IT worker roles, reportedly raised hundreds of millions of dollars to support North Korea’s weapons initiatives.

Vitaliy Andreyev, a Russian national, is implicated in converting stolen cryptocurrency into USD for North Korea. This action reflects ongoing efforts by the Treasury, building on previous sanctions targeting North Korean cryptocurrency theft activities.