U.S. Treasury Sanctions North Korean-Owned Binance Wallets; Says Entities Used Funds to Support WMD Programs

U.S. officials on Tuesday sanctioned a swath of crypto-holding wallets with alleged ties to the North Korean government, according to a statement from the Treasury’s Office of Foreign Assets Control (OFAC).

The blacklisted wallets – which contained bitcoin, ether, Tether’s USDT and Circle’s USDC – belonged to an individual named Sang Man Kim, a 58-year-old North Korean citizen, OFAC alleged. The wallets were hosted by crypto exchange Binance.

That’s not to say Binance actively controlled the wallets – they appear to be automatically-generated wallet addresses hosted by the exchange that any user can sign up for. There have been no transactions to or from these addresses over the

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