All about the latest sanctions placed by the US OFAC on these BTC addresses

On 24 April, the US OFAC sanctioned three individuals in connection with the Democratic People’s Republic of Korea (DPRK). The OFAC also sanctioned various addresses, most of which were BTC addresses.

These individuals in some way helped the regime launder stolen/illicit cryptocurrenciesa sanction against three individuals connected to the Democratic People’s Republic of Korea . Two individuals, Wu Huihui, and Cheng Hung Man, were sanctioned for their connection to the infamous hacking group – Lazarus Group.

, Arbitrum [ARB], and BNB Smart Chain [BSC]. The OFAC sanctioned around 17 BTC addresses and one ETH, ARB, and BSC address.Notably, the Lazarus Group is the same group that carried out a successful attack against Ronin Network, linked to Axie Infinity. This had cost the network a whopping $620 million. Huihui provided material support for the hacking group, while Hung Man assisted Huihui.

Moreover, all the BTC addresses sanctioned by the OFAC belong to Huihui. None of these addresses held any BTC; their last activity was either in 2021 or 2022.

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