#BinanceAlphaAlert

North Korean cyber spies established two businesses in the U.S., breaching Treasury sanctions, according to recent reports. These front companies were used to gather intelligence and fund illicit activities of the Pyongyang regime. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposes strict sanctions under laws like the North Korea Sanctions and Policy Enhancement Act (2016) and UN resolutions, targeting the regime’s nuclear and missile programs. The sanctions freeze assets, ban transactions with U.S. entities, and penalize third parties aiding North Korea. The spies exploited regulatory gaps to set up these firms, raising concerns about U.S. infrastructure security. Investigations are ongoing to uncover the full scope and prevent future violations