## US Treasury Targets North Korean Crypto Laundering The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has imposed sanctions on eight North Korean bankers and two entities accused of laundering millions of dollars in cryptocurrency. This action aims to disrupt North Korea's ability to finance its weapons programs. ## North Korea's Crypto-Fueled Nuclear Ambitions Treasury officials assert that North Korean government-backed hackers are stealing and laundering cryptocurrency to fund the regime's nuclear weapons program. The sanctioned individuals and entities allegedly played a crucial role in facilitating these illicit financial activities, enabling North Korea to bypass international sanctions and acquire resources for its prohibited programs. The sanctions freeze any US assets of the individuals and entities involved and prohibit US persons from dealing with them. ```