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US sanctions fraud network used by North Korean ‘remote IT workers’ to seek jobs and steal money

The U.S. Treasury has sanctioned an international fraud network used by North Korea to infiltrate U.S. companies with hackers posing as legitimate job seekers, agency officials announced Wednesday. The sanctions are the latest action taken by the U.S. Treasury in recent months aimed at combating North Korean government workers from seeking employment at American companies using fake identities and documents to apply for jobs. Once employed, the hackers earn a wage from the company, but also ste

US sanctions Grinex crypto-exchange, successor to Garantex

The U.S. Department of the Treasury has announced sanctions against Grinex, the successor to Russian cryptocurrency exchange Garantex, which was previously sanctioned for helping ransomware gangs launder their money. A TRM Labs report, released in April, revealed that Grinex has strong ties to Garantex's previous operations, but stopped short of providing evidence that it was being used for illicit transactions. Grinex was promoted on Telegram channels linked to Garantex soon after U.S. author

Crypto accumulator DeFi Development to expand globally by franchising its Solana treasury model

DeFi Development , a company vying to be the MicroStrategy of Solana, is expanding internationally through a franchise model. The company plans to partner with others looking to operate their own Solana treasuries with DeFi's support. In return, DeFi Development will retain an equity stake in each regional vehicle. The initiative will be branded DFDV Treasury Accelerator. "Most crypto treasury vehicles today are following the MicroStrategy model. What excites us about DFDV is that they're not

Peter Thiel just bought a big stake in Tom Lee's ether company and the shares are surging

Peter Thiel, president and founder of Clarium Capital Management LLC, holds hundred dollars bills as he speaks during the Bitcoin 2022 conference in Miami, Florida, U.S., on Thursday, April 7, 2022. Shares of the ether treasury company Bitmine Immersion Technologies surged Wednesday after tech billionaire Peter Thiel disclosed a 9% stake in the firm through his venture capital firm Founders Fund. The stock was last higher by 12% but rallied as much as 20% at one point. Companies with a similar

Treasury agrees to block DOGE's access to personal taxpayer data at IRS

The Trump White House and Treasury Department officials have agreed to prohibit the U.S. DOGE Service from accessing personal taxpayer data, according to two people familiar with the arrangement, heading off a brewing privacy crisis at the tax agency. Gavin Kliger, a software engineer with Elon Musk’s DOGE effort assigned to the IRS, will have read-only access to anonymized tax data, the same access granted to academic researchers and IT professionals who work on IRS systems, said the people, wh