U.S. Treasury Sanctions North Korea’s $3B Crypto Laundering Operation - 8 Individuals & 2 Entities Targeted
North Korea's digital heist spree hits unprecedented scale as U.S. authorities crack down on sophisticated crypto laundering networks.
The Sanction Hammer Drops
Washington just unleashed its latest financial firepower against Pyongyang's shadow banking system. Eight individuals and two organizations face immediate asset freezes for funneling stolen digital assets through complex blockchain obfuscation techniques.
Three Years, Three Billion Gone
North Korean hackers systematically drained cryptocurrency exchanges and DeFi protocols since 2022 - amassing a war chest that would make traditional bank robbers blush. The sheer scale exposes critical vulnerabilities in global digital finance infrastructure.
Laundry Service, Crypto-Style
Sophisticated mixing services and shell companies formed an elaborate web for converting stolen crypto into usable currency. Treasury officials describe the operation as 'state-sponsored financial terrorism' with blockchain complexity that outpaces most regulatory frameworks.
Wall Street bankers complaining about compliance costs while North Korea moves billions through decentralized networks - maybe traditional finance isn't so inefficient after all.
Isaacman reorganizes Shift4 and prepares for Senate confirmation
Days after the pulled nomination, Jared addressed Shift4 investors. He wrote that his “brief stint in politics was a thrilling experience.”
He then announced that he WOULD step down as CEO and instead become executive chairman of the company he founded in 1999 at age 16. He had been planning to leave the CEO role if the Senate confirmed him to lead NASA, but the confirmation process did not take place at that time.
Since July, NASA has been led temporarily by Sean Duffy, the Transportation Secretary, as interim administrator. That arrangement continues while the government remains shut down.
The shutdown began at the start of October, but the Senate is still able to vote on presidential nominees. Jared will need Senate approval before he can officially take control of the agency.
Jared has a long background in aerospace and military contracting.In 2012, he co‑founded Draken International, a Florida defense aviation company that operated one of the largest fleets of privately owned fighter jets.
The company trained U.S. military pilots and managed defense contracts worth hundreds of millions of dollars. Jared previously stated that the model saved taxpayers billions.
Isaacman lays out NASA direction and answers questions in Senate hearing
During nearly three hours of testimony, Jared described how he would reshape NASA around a “mission‑first” structure, with an emphasis on efficiency and stronger coordination with commercial partners.
He supported Artemis II and III, which rely on the Space Launch System and Orion spacecraft, but questioned their timelines and expenses.
Jared asked, “Why is it taking us so long, and why is it costing us so much to go to the Moon?” He called for a data‑based review of these systems to determine whether they remain viable for long‑term space exploration.
Jared said he would support extending the International Space Station through 2030, while increasing research output through public‑private research agreements. He also opposed a proposal from the White House to cut 50% of NASA’s science budget and 20% of its overall budget starting in 2026.
Senators questioned Jared about NASA’s strategic reasons for potentially pushing toward Mars., and he responded that he would operate with transparency and would pursue a dual‑track strategy for the Moon and Mars.
Senator Ed Markey asked Jared about his relationship with Elon Musk. Jared replied that they were not close and said he did not share NASA plans with Elon. He confirmed that he was interviewed only by Trump when offered the job.
But when Markey asked whether Elon was present during that interview, Jared refused to directly answer.
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