The United States has intensified its efforts to disrupt North Korea’s clandestine financial networks by imposing new sanctions on individuals and institutions accused of facilitating the laundering of crypto linked to cyberattacks.

Crypto To Support Nuclear Initiatives?

On Tuesday, the US Treasury Department’s Office of Foreign Assets Control (OFAC) announced the designation of eight individuals and two entities involved in processing funds derived from cybercrime and fraudulent activities related to IT workers.

According to OFAC, these North Korean banks played a crucial role in managing funds, including approximately $5.3 million (around 7.63 billion Korean won) in crypto, through the “First Credit Bank.”

Some of these funds have been reportedly utilized in activities targetin

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