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#North Korean IT workers

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US Sanctions Two Russians Over North Korean IT Workers’ Crypto Cash-Outs
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US Sanctions Two Russians Over North Korean IT Workers’ Crypto Cash-Outs

Key Highlights Blockchain intelligence tracked bi-weekly stablecoin salaries paid to a North Korean IT worker, which were laundered through sanctioned entities, an operative named Boykov, and the Russian exchange Garantex. U.S. sanctions targeted intermediaries including Roman Obertas, who converted nearly $2 million in cryptocurrency to fiat for North Korean officials, alongside managers Kim Ki Hyok, ...

US Sanctions Russians for Laundering Millions in Crypto for North Korean IT Workers
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US Sanctions Russians for Laundering Millions in Crypto for North Korean IT Workers

Key Highlights: The U.S. Treasury Department’s OFAC sanctioned Russian nationals Ilya Aleksandrovich Boykov and Vitold Viktorovich Obertas for laundering millions in cryptocurrency for North Korean IT worker networks. Boykov processed $3.5 million for the previously sanctioned entity Alis, while Obertas converted nearly $2 million in digital assets and $1.25 million in other currencies. North Korean ...