{"id":38826,"date":"2026-03-23T07:04:57","date_gmt":"2026-03-23T07:04:57","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=38826"},"modified":"2026-03-23T07:04:57","modified_gmt":"2026-03-23T07:04:57","slug":"us-sanctions-north-korean-criminal-network-for-allegedly-draining-800000000-from-businesses-in-data-extortion-schemes","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=38826","title":{"rendered":"US Sanctions North Korean Criminal Network for Allegedly Draining $800,000,000 From Businesses in Data Extortion Schemes"},"content":{"rendered":"

\"\"<\/p>\n

The U.S. Department of the Treasury is sanctioning a North Korean criminal organization for allegedly stealing hundreds of millions of dollars from businesses in data extortion schemes.<\/p>\n

The Treasury Department\u2019s Office of Foreign Assets Control (OFAC) says<\/a> it\u2019s sanctioning six individuals and two firms for aiding North Korea (DPRK) defraud businesses out of $800,000,000 in 2024 to fund the nation\u2019s weapons of mass destruction program.<\/p>\n

Authorities say that North Korean-affiliated individuals would infiltrate US and allied nations\u2019 businesses with fraudulent documents and fabricated personas, working for them in IT departments and earning income while the North Korean government reaped the funds.<\/p>\n

Furthermore, it was found that some individuals would inject malware into company networks to steal private and proprietary information.<\/p>\n

The two sanctioned firms are Amnokgang Technology Development Company, a North Korean IT company that managed overseas IT Workers, and Quangvietdnbg International Services Company Limited, a Vietnam-based firm that converted illegal funds into crypto assets for the North Korean government.<\/p>\n

As stated by Secretary of the Treasury, Scott Bessent,<\/p>\n

\u201cThe North Korean regime targets American companies through deceptive schemes carried out by its overseas IT operatives, who weaponize sensitive data and extort businesses for substantial payments. <\/em><\/p>\n

Under President Trump\u2019s leadership, Treasury will continue to follow the money in order to protect U.S. businesses from these malicious activities and ensure those responsible are held accountable.\u201d<\/em><\/p>\n

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The post US Sanctions North Korean Criminal Network for Allegedly Draining $800,000,000 From Businesses in Data Extortion Schemes<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The U.S. Department of the Treasury is sanctioning a North Korean criminal organization for allegedly stealing hundreds of millions of dollars from businesses in data extortion schemes. The Treasury Department\u2019s Office of Foreign Assets Control (OFAC) says it\u2019s sanctioning six individuals and two firms for aiding North Korea (DPRK) defraud businesses out of $800,000,000 in […]<\/p>\n","protected":false},"author":1,"featured_media":38827,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-38826","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nUS Sanctions North Korean Criminal Network for Allegedly Draining $800,000,000 From Businesses in Data Extortion Schemes - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=38826\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Sanctions North Korean Criminal Network for Allegedly Draining $800,000,000 From Businesses in Data Extortion Schemes - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"The U.S. Department of the Treasury is sanctioning a North Korean criminal organization for allegedly stealing hundreds of millions of dollars from businesses in data extortion schemes. 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