Three individuals have been added to the OFAC's sanctions list, following their connection with North Korea-linked hackers, Lazarus Group.
Three individuals have been added to the OFAC’s sanctions list, following their connection with North Korea-linked hackers, Lazarus Group.
An earlier report by Chainalysis claimed that Lazarus Group was responsible for crypto theft worth about $1.7 billion in 2022.The Office of Foreign Assets Control under the Department of Treasury designated sanctions to two over-the-counter traders Wu Hiuhui, based in the People’s Republic of China, and Cheng Hung Man, based in Hong Kong.
Sim, on the other hand, “coordinated millions of dollars in financial transfers for the DPRK,” with the Treasury Department stating that the bank official received funds from information technology workers who fraudulently obtained jobs abroad. Following the OFAC sanctions, properties belonging to Wu, Cheng, and Sim are blocked, and individuals or foreign institutions who have conducted certain transactions with the designated people could also risk being sanctioned.
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