The Sneaky Cash-Out Game They Played 😈
Chainalysis dug deep and found Russian nationals Ilya Aleksandrovich Boykov and Vitold Viktorovich Obertas flipping millions in crypto for front firms that hid North Korean IT workers under fake IDs. Their earnings funneled straight to the regime and its weapons stuff. The blockchain sleuths traced payments to one dev who coded on blockchain and DeFi projects. From late 2022 to early 2023 his wallet got stablecoin drops every two weeks like clockwork salary vibes. Those funds flipped into ETH then routed thru consolidation wallets tied to sanctioned entities before landing with Boykov who passed em to Garantex the Russian exchange later hit with US sanctions. Obertas also got called out as a cash middleman for North Korean officials his wallet pulling funds from another sanctioned group Amnokgang Technology Development Company that handled overseas IT worker ops. OFAC noted the Russian swapped nearly 2 million dollars worth of crypto into fiat for those officials. The list also includes Kim Ki Hyok and Kim Hyo Dong two North Korean nationals managing IT workers in Russia along with First Financial and Technical Development Center based there plus six associated workers who pulled over 750000 dollars for the center since 2025.Spot Those Fake Devs Before They Strike 👀
North Korean IT workers keep using made up identities and stolen creds to land roles at legit firms then sending earnings back to the regime. UN estimates put these ops at 250 million to 600 million dollars a year. ZachXBT exposed a fake dev scheme that netted over 3.5 million in crypto while reports claim North Korean linked coders helped shape big DeFi protocols like SushiSwap and THORChain. Generative AI is only making this fraud tougher to catch with AI resumes profile pics and deepfake videos during interviews. 💀🔥🕸️🚀💸😼🌑Just another echo from the void by iconofsin.eth 💖
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