The U.S. Treasury’s Workplace of Overseas Property Management (OFAC) sanctioned a number of addresses linked to North Korean cybercrime on Could 23.
Six wallets sanctioned
OFAC sanctioned six crypto addresses belonging to North Korean nationwide Kim Sang Man, who was concerned in cyber actions and fraudulent IT employee job placements that generated income for North Korea’s authorities and weapons packages.
The checklist of sanctioned addresses contains two Bitcoin (BTC) addresses, two Ethereum (ETH) addresses, one Tether (USDT) handle, and one USDC handle.
OFAC additionally sanctioned 4 organizations associated to Kim and the scheme, together with the Chinyong Info Know-how Cooperation Firm.
OFAC stated that Kim has obtained greater than $2 million of crypto from IT employees as not too long ago as 2021. It didn’t state whether or not this represents all related funds.
Binance helped seize $4.4M
Binance individually introduced that it helped the U.S. Treasury seize $4.4 million linked to concerned people by taking motion towards the related accounts.
Binance stated that firm members acted in compliance with warrants served. It famous that blockchain ledgers present a “large quantity of transparency,” which permits workers to offer related info to legislation enforcement.
OFAC didn’t point out Binance’s help in its announcement right this moment.
In previous reviews, Binance prompt that it had frozen greater than $5 million associated to North Korean crypto crime, although it seems that this motion was associated to a separate $600 million assault on the Axie Infinity and Ronin Community initiatives.
Binance is emphasizing its dedication to legislation enforcement and compliance amidst complaints from U.S. regulators and non-public journalists alike.
The submit North Korean crypto wallets sanctioned; Binance says it helped Treasury seize $4.4M appeared first on CryptoSlate.