Security· ★★★· bearish·

Chainalysis traces North Korean crypto cash-outs through Garantex

  • —US sanctioned 10 individuals and one entity
  • —The schemes involve North Korean IT workers
  • —Funds were cashed out through the Garantex exchange
  • —Money went toward North Korea's weapons programs
Why it matters: The report adds pressure on Garantex and shows how North Korean IT worker fund flows are being tracked.
Source: Cointelegraph
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