U.S. Sanctions 3 North Koreans for Supporting Hacking Group Known for Crypto Thefts

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.

Two of the sanctioned individuals, Cheng Hung Man and Wu Huihui, were OTC traders who facilitated crypto transactions for Lazarus, Treasury said, while a third person, Sim Hyon Sop, provided other financial support.

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This is a developing story.

UPDATE (April 24, 2023, 14:40 UTC): Adds names and allegations.

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