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Crypto briefing · Sunday, November 1, 2026 · Morning edition · Story 3 of 5
US Sanctions Russians Over North Korean Crypto Cash-Outs
The US has sanctioned two Russians involved in a scheme that helps North Korea generate significant annual revenue through cryptocurrency cash-outs. The UN estimates this scheme produces between $250 million and $600 million yearly.
Why it matters: This highlights the ongoing use of cryptocurrency in facilitating financial activities linked to North Korea, raising concerns about illicit fund movements.
Sources: Bitcoin.com News · CryptoPotato
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