Action against North Korean cyber laundering network

Event Details

Those designated include two DPRK bankers – Jang Kuk Chol and Ho Jong Son – who managed cryptocurrency funds (incl. $5.3 million linked to a DPRK ransomware actor that had targeted U.S. victims) reuters.com . Also sanctioned were a DPRK tech firm (using Chinese nationals as brokers to move money), five China/Russia-based representatives of North Korean banks, and North Korea’s Ryujong Credit Bank (for handling overseas funds) reuters.com reuters.com . These sanctions seek to cut off revenue streams that North Korea’s state-backed hackers and IT contractors use to fund Pyongyang’s WMD and missile programs.

Date

04/11/2025

Event Category

Level of Cooperation

Country

🇺🇸 United States

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Action against North Korean cyber laundering network

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