US Treasury sanctions 11 individuals including Russian nationals for laundering over $5M in crypto for North Korean networks.
Regulation & Gov ·
The U.S. Treasury Department sanctioned 11 individuals and one entity for operating North Korean IT worker schemes that defraud American businesses and finance the regime's weapons programs. Two Russian nationals, Vitold Obertas and Ilya Boykov, converted more than $5 million in cryptocurrency for North Korean networks, with Obertas handling nearly $2 million in crypto conversions and other currency transactions since January 2025, and Boykov exchanging approximately $3.5 million in crypto since 2024. Treasury also designated blockchain addresses associated with both men across Ethereum and Tron, including one address appearing in both of their entries.