The post US Sanctions North Korea Over Dangerous Crypto Cyber Activity appeared on BitcoinEthereumNews.com.

The world of cryptocurrency, with its promise of decentralization and innovation, unfortunately also attracts nefarious actors. A recent announcement from the U.S. Treasury Department serves as a stark reminder of this reality, highlighting the persistent threat posed by state-sponsored cyber criminals. This time, the focus is squarely on North Korea and its audacious attempts to fund its illicit programs through digital means. US Sanctions North Korea: A Direct Response to Digital Threats In a significant move to counter global cybercrime and illicit finance, the U.S. Treasury has taken decisive action, imposing US sanctions North Korea. Specifically, the sanctions target North Korean national Song Kum Hyok. His alleged role? Orchestrating the placement of DPRK (Democratic People’s Republic of Korea) IT workers into unsuspecting foreign companies. But these weren’t just any IT workers; they were reportedly covert operatives, leveraging their positions for cyber espionage and, crucially, for massive cryptocurrency thefts. This action underscores the U.S. government’s commitment to disrupting North Korea’s ability to generate revenue through illegal cyber activities, which directly funds its weapons of mass destruction (WMD) and ballistic missile programs. The Treasury’s statement made it clear: Song Kum Hyok facilitated the deployment of these workers, who then exploited their access to company networks. This isn’t just about financial theft; it’s about national security. The funds generated are then funneled back to the regime, fueling its dangerous ambitions. This sanction serves as a warning to companies worldwide to enhance their due diligence, especially when hiring remote IT personnel, as the threat of infiltration is real and carries severe consequences. Unmasking North Korean IT Workers and Their Global Reach How do these North Korean IT workers operate, and why are they so effective? It’s a sophisticated scheme. These individuals often present themselves as freelance developers or employees of legitimate-looking front companies. They…

---

Filed under: News - @ July 9, 2025 1:23 am