US Sanctions North Korea IT Worker Crypto Fraud Ring

The US Treasury has sanctioned two people and four entities involved in what it says was a North Korea-run IT worker ring that would infiltrate crypto companies, aiming to exploit them.

The Treasury’s Office of Foreign Assets Control (OFAC) said on Tuesday that it sanctioned the North Korea-based Song Kum Hyok for allegedly stealing US citizens’ information to use as aliases and giving it to hired foreign IT workers who would seek employment at US companies.

OFAC also sanctioned the Russian national Gayk Asatryan for allegedly using his companies…