US Treasury Sanctions North Korea-Linked Crypto Laundering Network

The U.S. Treasury’s Office of Foreign Assets Control sanctioned Korea Mangyongdae Computer Technology Corporation, 54 cryptocurrency addresses tied to Cheil Credit Bank, and other North Korea-linked individuals and entities for laundering proceeds from cybercrime and illegal IT outsourcing. These activities are alleged to fund Pyongyang’s nuclear program. The designations build on last month’s sanctions and align with the recent MSMT report on North Korean cyber operations, aiming to further disrupt the regime’s illicit financial channels.