Chainalysis traces North Korean crypto cash-outs through Garantex

Chainalysis has traced how North Korean crypto funds are cashed out through the sanctioned Russian exchange Garantex. The analysis follows US sanctions against 10 individuals and one entity accused of helping North Korean IT worker schemes fund weapons programs. For traders, it highlights continued enforcement pressure on exchanges used for illicit flows, a reminder that compliance risk can hit liquidity and access on sanctioned venues.