U.S. Sanctions Garantex and Grinex Over $100M in Ransomware-Linked Illicit Crypto Transactions

The U.S. Department of the Treasury's Office of Foreign Assets Control OFAC on Thursday renewed sanctions against Russian cryptocurrency exchange platform Garantex for facilitating ransomware actors and other cybercriminals by processing more than $100 million in transactions linked to illicit...

U.S. Sanctions Garantex and Grinex Over $100M in Ransomware-Linked Illicit Crypto Transactions

The U.S. Department of the Treasury's Office of Foreign Assets Control OFAC on Thursday renewed sanctions against Russian cryptocurrency exchange platform Garantex for facilitating ransomware actors and other cybercriminals by processing more than $100 million in transactions linked to illicit...

U.S. Sanctions Firm Behind N. Korean IT Scheme; Arizona Woman Jailed for Running Laptop Farm

The U.S. Department of the Treasury's Office of Foreign Assets Control OFAC sanctioned a North Korean front company and three associated individuals for their involvement in the fraudulent remote information technology IT worker scheme designed to generate illicit revenues for Pyongyang. The...

U.S. Sanctions Firm Behind N. Korean IT Scheme; Arizona Woman Jailed for Running Laptop Farm

The U.S. Department of the Treasury's Office of Foreign Assets Control OFAC sanctioned a North Korean front company and three associated individuals for their involvement in the fraudulent remote information technology IT worker scheme designed to generate illicit revenues for Pyongyang. The...

Evasion under Blockchain Sanctions

Sanctioning blockchain addresses has become a common regulatory response to malicious activities. However, enforcement on permissionless blockchains remains challenging due to complex transaction flows and sophisticated fund-obfuscation techniques. Using cryptocurrency mixing tool Tornado Cash as...

U.S. Sanctions North Korean Andariel Hacker Behind Fraudulent IT Worker Scheme

The U.S. Department of the Treasury's Office of Foreign Assets Control OFAC on Tuesday sanctioned a member of a North Korean hacking group called Andariel for their role in the infamous remote information technology IT worker scheme. The Treasury said Song Kum Hyok, a 38-year-old North Korean...

U.S. Sanctions North Korean Andariel Hacker Behind Fraudulent IT Worker Scheme

The U.S. Department of the Treasury's Office of Foreign Assets Control OFAC on Tuesday sanctioned a member of a North Korean hacking group called Andariel for their role in the infamous remote information technology IT worker scheme. The Treasury said Song Kum Hyok, a 38-year-old North Korean...

Big Tech’s Mixed Response to U.S. Treasury Sanctions

In May 2025, the U.S. government sanctioned a Chinese national for operating a cloud provider linked to the majority of virtual currency investment scam websites reported to the FBI. But a new report finds the accused continues to operate a slew of established accounts at American tech companies ...

U.S. Sanctions Russian Bulletproof Hosting Provider for Supporting Cybercriminals Behind Ransomware

The U.S. Department of the Treasury's Office of Foreign Assets Control OFAC has levied sanctions against Russia-based bulletproof hosting BPH service provider Aeza Group to assist threat actors in their malicious activities and targeting victims in the country and across the world. The sanctions...

U.S. Sanctions Russian Bulletproof Hosting Provider for Supporting Cybercriminals Behind Ransomware

The U.S. Department of the Treasury's Office of Foreign Assets Control OFAC has levied sanctions against Russia-based bulletproof hosting BPH service provider Aeza Group for assisting threat actors in their malicious activities and targeting victims in the country and across the world. The...

U.S. Arrests Facilitator in North Korean IT Worker Scheme; Seizes 29 Domains and Raids 21 Laptop Farms

The U.S. Department of Justice DoJ on Monday announced sweeping actions targeting the North Korean information technology IT worker scheme, leading to the arrest of one individual and the seizure of 29 financial accounts, 21 fraudulent websites, and nearly 200 computers. The coordinated action sa...

U.S. Seizes $7.74M in Crypto Tied to North Korea’s Global Fake IT Worker Network

The U.S. Department of Justice DoJ said it has filed a civil forfeiture complaint in federal court that targets over $7.74 million in cryptocurrency, non-fungible tokens NFTs, and other digital assets allegedly linked to a global IT worker scheme orchestrated by North Korea. "For years, North Kor...

U.S. Seizes $7.74M in Crypto Tied to North Korea's Global Fake IT Worker Network

The U.S. Department of Justice DoJ said it has filed a civil forfeiture complaint in federal court that targets over $7.74 million in cryptocurrency, non-fungible tokens NFTs, and other digital assets allegedly linked to a global IT worker scheme orchestrated by North Korea. "For years, North Kor...

US Sanctions Philippines’ Funnull Technology Over $200M Crypto Scam

The US Department of the Treasury has taken action against Funnull Technology Inc. for enabling massive pig butchering…...

U.S. Sanctions Funnull for $200M Romance Baiting Scams Tied to Crypto Fraud

The U.S. Department of Treasury's Office of Foreign Assets Control OFAC has levied sanctions against a Philippines-based company named Funnull Technology Inc. and its administrator Liu Lizhi for providing infrastructure to conduct romance baiting scams that led to massive cryptocurrency losses. T...

U.S. Sanctions Funnull for $200M Romance Baiting Scams Tied to Crypto Fraud

The U.S. Department of Treasury's Office of Foreign Assets Control OFAC has levied sanctions against a Philippines-based company named Funnull Technology Inc. and its administrator Liu Lizhi for providing infrastructure to conduct romance baiting scams that led to massive cryptocurrency losses. T...

U.S. Sanctions Cloud Provider ‘Funnull’ as Top Source of ‘Pig Butchering’ Scams

Image: Shutterstock, ArtHead. The U.S. government today imposed economic sanctions on Funnull Technology Inc. , a Philippines-based company that provides computer infrastructure for hundreds of thousands of websites involved in virtual currency investment scams known as “pig butchering." In Janua...

Ensure That Warning Banners Contain Proper Information

Warning banners contain warning information added on the system login page. Security warnings are displayed for all users who log in to the system. The security warnings must include information about the organization to which the system belongs, monitoring or records of login behavior, and legal...

U.S. Treasury Lifts Tornado Cash Sanctions Amid North Korea Money Laundering Probe

The U.S. Treasury Department has announced that it's removing sanctions against Tornado Cash, a cryptocurrency mixer service that has been accused of aiding the North Korea-linked Lazarus Group to launder their ill-gotten proceeds. "Based on the Administration's review of the novel legal and poli...

Alleged Co-Founder of Garantex Arrested in India

Authorities in India today arrested the alleged co-founder of Garantex , a cryptocurrency exchange sanctioned by the U.S. government in 2022 for facilitating tens of billions of dollars in money laundering by transnational criminal and cybercriminal organizations. Sources close to the investigati...