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US sanctions two Russians for cashing out North Korean IT workers’ crypto

US sanctions two Russians for cashing out North Korean IT workers’ crypto
AI summary

The US Treasury sanctioned two Russian nationals for helping North Korean IT workers convert crypto into cash, targeting the cash-out stage of the scheme. The UN estimates the operation generates $250 million to $600 million annually for North Korea. Traders should watch for tighter compliance scrutiny on exchange and OTC cash-out channels tied to sanctioned actors.

Narrative history
4 linked stories · 5 outlets · since 28 Oct
  1. 1H AGO
    You’re reading this
    US sanctions two Russians for cashing out North Korean IT workers’ crypto
    CryptoPotato · Score 55
  2. 29 OCT · 12:38
    Cointelegraph · Score 55 · via North Korean, North
  3. 29 OCT · 12:18
    CoinDesk · Score 55 · via sanctions Russians, North
  4. 29 OCT · 11:00
  5. 28 OCT · 15:53
    The Defiant · Score 55 · via Korean worker, US sanctions
Most read · 72h