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Treasury Sanctions 11 Over North Korean IT Worker Scheme That Moved Millions in Crypto

The U.S. Treasury's OFAC sanctioned 10 individuals and one entity over North Korean-run IT worker schemes that defraud U.S. businesses and fund weapons programs. Treasury said Russian nationals Ilya Boykov and Vitold Obertas converted millions of dollars in crypto for North Korean networks, with Boykov handling the equivalent of $3.5 million since 2024 for the company Alis. The sanctioned First Financial and Technical Development Center, based in Vladivostok, Russia, reportedly uses AI tools and complex crypto transfers to generate revenue. The sanctions listings include Ethereum and Tron addresses, and one Ethereum address is tied to both Russian men.

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