The OFAC has sanctioned three individuals for providing material support to North Korean group Lazarus. North Korean actors stole crypto assets worth approximately $1.7 billion through hacking in 2022, claimed OFAC. The OFAC claimed that North Korean and Chinese over-the-counter (OTC) traders convert the stolen crypto assets to fiat. OFAC claims that one of those charged obtained cryptocurrencies from North Korean citizens who were fraudulently undertaking IT services in other countries. North Korean actors stole crypto assets worth approximately $1.7 billion through hacking in 2022, claimed OFAC.

Source: The North Africa Journal April 25, 2023 10:38 UTC