COINDESK · 2026-10-29 12:18 UTC

U.S. sanctions Russian nationals for laundering millions in crypto for North Korean IT workers

U.S. Treasury sanctioned 10 individuals and one entity on Oct. 28 for laundering millions in cryptocurrency for North Korean IT workers funneling earnings to the regime's weapons programs. Two Russian nationals - Ilya Aleksandrovich Boykov ($3.5M in crypto conversions) and Vitold Viktorovich Obertas (~$2M in crypto and $1.25M in other currency conversions) - were accused of converting funds for North Korean networks. North Korean IT workers use stolen identities and AI-generated materials to secure jobs at legitimate companies, with the regime capturing most wages; some have also used…

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