U.S. Department of the Treasury Sanctions North Korean Cryptocurrency Hacker Song Geum-hyok
JH Kim
Summary
- The U.S. Department of the Treasury has announced that North Korean cryptocurrency hacker Song Geum-hyok has been added to the sanctions list.
- It was reported that North Korea is dispatching IT personnel globally to generate foreign currency revenue through cryptocurrency.
- The U.S. Department of the Treasury emphasized the possibility that these funds could be used for illegal weapons programs.
According to CoinDesk, a media outlet specializing in cryptocurrency, on the 8th (local time), the U.S. Department of the Treasury has added North Korean national and cryptocurrency hacker Song Geum-hyok to its sanctions list.
The U.S. Department of the Treasury explained, "North Korea dispatches IT personnel around the world to generate foreign currency revenue through various means, including cryptocurrency, and these funds may be used for illegal weapons programs."
Song Geum-hyok has been identified as a key figure involved in North Korea's cyber financial crime activities.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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