North Korea’s IT Workers: Masters of Crypto or Just Bad at Hiding?

Crypto is once again at the center of Washington’s latest sanctions push. On an official press release on March 12, the US Treasury announced that they have blacklisted a North Korean IT‑worker network accused of routing nearly $800 million through digital assets to fund weapons programs in 2024. The Secretary of the Treasury Scott Bessent, quoted on the announcement, warned that “The 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”.


