US Sanctions Two Russians Accused of Converting $5.5M in Crypto for North Korea
\The US Treasury sanctioned 10 individuals and one entity on October 28 over North Korea’s IT worker schemes. Two of those named are Russians who allegedly converted millions in crypto for the regime’s networks. Chainalysis’s on-chain data connects one of the Russians to mainstream crypto exchanges, which the firm did not name. Following the Money The post US Sanctions Two Russians Accused of Converting $5.5M in Crypto for North Korea appeared first on BeInCrypto.
Key Takeaways
- \The US Treasury sanctioned 10 individuals and one entity on October 28 over North Korea’s IT worker schemes.
- Two of those named are Russians who allegedly converted millions in crypto for the regime’s networks.
- Chainalysis’s on-chain data connects one of the Russians to mainstream crypto exchanges, which the firm did not name.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Bitcoin developers rush to fix 3 security flaws after AI uncovers them
The October 28 advisory identifies four patched releases, but 29.x is now at end of life. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
French Senate adopts bill for automatic sharing of crypto tax data
The French Senate adopted a bill authorizing the automatic exchange of crypto-asset tax information between international tax authorities, pending completion of the legislative process.
Polymarket brings ultra-short crypto prediction markets to U.S. platform
Polymarket’s new Up/Down crypto contracts come as the CFTC renews scrutiny of the prediction market’s compliance with its 2022 U.S. onboarding terms.