US Sanctions Two Russians Accused of Converting $5.5M in Crypto for North Korea

\The US Treasury sanctioned 10 individuals and one entity on October 28 over North Korea’s IT worker schemes. Two of those named are Russians who allegedly converted millions in crypto for the regime’s networks. Chainalysis’s on-chain data connects one of the Russians to mainstream crypto exchanges, which the firm did not name. Following the Money Out of Pyongyang’s Remote Payroll Treasury’s Office of Foreign Assets Control (OFAC) identified Vitold Viktorovich Obertas as a Russian intermediary for North Korean financial transactions . OFAC says he converted nearly $2 million in crypto for North Korean officials since January 2025. He also allegedly handled at least $1.25 million in other currency transactions. Fellow Russian Ilya Boykov allegedly converted about $3.5 million in crypto for North Korean company Alis since 2024.

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