OFAC Freezes Assets of North Korean Cyber Threat Actor
Published Date: 11/17/2025
Notice
Summary
The U.S. Treasury’s OFAC just blocked the property of a North Korean individual involved in harmful cyber activities, making it illegal for Americans to do business with him. This update also tweaks info on someone already on the sanctions list. These changes took effect on November 4, 2025, and could impact financial dealings tied to these people.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
OFAC Blocks North Korean Assets
On November 4, 2025, OFAC blocked the property and interests in property subject to U.S. jurisdiction of multiple named North Korean individuals and entities (for example, JANG, Kuk Chol). U.S. persons are generally prohibited from engaging in transactions with those listed persons, and any property of theirs under U.S. jurisdiction is blocked.
Bank SDN Entry Adds Crypto Addresses
On November 4, 2025, OFAC updated the SDN List entry for CHEIL CREDIT BANK and added numerous USDT digital currency addresses to that listing. The bank's property and interests in property subject to U.S. jurisdiction remain blocked, and transactions involving those listed digital currency addresses are implicated by the listing.
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