The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced sanctions on November 4 against eight individuals and two entities for facilitating North Korea's money laundering activities through cryptocurrency theft, fraudulent IT services, and proxy accounts. The Treasury highlighted that North Korean hackers have stolen over $3 billion in crypto assets over the past three years. The sanctioned parties include personnel linked to First Credit Bank, the IT outsourcing company KMCTC, and several North Korean bank representatives operating in China and Russia.