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The Secret Network Placing North Korean Workers Inside Crypto Firms
In a shocking revelation, the United States Treasury has imposed sanctions on two individuals and four entities connected to a North Korean scheme that places IT workers inside cryptocurrency companies. This unprecedented action marks a significant step towards combatting North Korea’s increasing digital infiltration operations.
According to reports, Song Kum Hyok, a North Korean national, is accused of stealing US citizens’ information to create false identities. These stolen identities were then used by foreign IT workers seeking employment at American and Serbian blockchain companies. The sanctioned individuals have allegedly generated significant revenue for the Democratic People’s Republic of Korea (DPRK) through this scheme.
The revelation highlights the growing threat posed by North Korean IT worker schemes, which not only compromise the security and integrity of global financial systems but also fund the country’s ballistic missile programs. It is crucial for the crypto community to remain vigilant and report any suspicious activities or job postings that may be linked to these schemes.
In related news, North Korea operates a workforce of thousands of highly skilled IT workers deployed globally to generate revenue for its weapons programs. The majority of these workers are located in China and Russia, according to Treasury officials.
Source: coincentral.com
