U.S. sanctions 6 people and 2 companies involved in 800 million dollar crypto laundering for North Korea

The U.S. Treasury Department has sanctioned six individuals and two companies allegedly involved in laundering approximately 800 million USD in cryptocurrency for North Korea. According to Treasury officials, North Korea infiltrated IT workers into U.S. businesses and diverted their wages back to the country to fund weapons development programs. The action highlights regulatory scrutiny on cryptocurrency’s use in sanctions evasion and illicit fund transfers.