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A California cryptocurrency developer learned a hard lesson about remote hiring when he discovered something alarming: The freelance coder he paid wasn't who he thought. The salary intended for development work had actually been routed to North Korea.
It's a stark reminder of the risks lurking in the gig economy—especially when dealing with international payments and cryptocurrency transactions. Scammers can pose as legitimate contractors, routing funds through complex channels that end up funding operations in sanctioned jurisdictions.
This case highlights why due diligence matters in crypto payments. Verify contractor identities, use secure payment methods, and stay alert to red flags. The decentralized nature that makes crypto appealing can also make it a vehicle for bad actors.