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U.S. Sanctions 3 North Koreans for Supporting Hacking Group

Updated: Apr 26, 2023

The U.S. Treasury Department's sanctions watchdog banned three North Korean individuals for supporting the Lazarus Group, a North Korean hacking team known for crypto thefts that U.S authorities say have been used to support the nation's weapons program. Two of the sanctioned individuals, Cheng Hung Man and Wu Huihui, were over-the-counter (OTC) traders who facilitated crypto transactions for Lazarus, the agency said. The Lazarus Group has been accused of mounting a multibillion-dollar campaign against the crypto industry, the proceeds of which are said to fund North Korea's weapons program.


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