The Office of Foreign Asset Control (OFAC) has added three ethereum addresses to its Specially Designated Nationals And Blocked Persons List (SDN). OFAC alleges the ether addresses are controlled by the Lazarus Group, a cybercrime group that is associated with North Korea.
The U.S. Treasury Department’s OFAC has added three ethereum addresses that are allegedly associated linked with the Lazarus Group cybercrime syndicate to its SDN list. The addition of the addresses comes a few weeks after U.S. authorities accused the Lazarus Group and North Korean hackers of being behind the $620 million Axie Infinity heist.
OFAC added 3 virtual currency wallet addresses to the SDN Listing for Lazarus Group. The DPRK [North Korea] has relied on illicit activities like cybercrime to generate revenue while trying to evade U.S. & UN sanctions.
While authorities in the U.S. insist the blockade will stop North Korea from using the stolen crypto, an earlier report by Bitcoin.com News suggested the cybercriminals would still be able to move the funds by simply transferring the funds to an unsanctioned ether address.
Meanwhile, in addition to directly blocking the three ethereum addresses, the U.S. Treasury Department statement warned against transacting with these addresses. The statement suggested that those doing so would become a target of U.S. sanctions.
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