"US Sanctions Cryptocurrency Mixer Sinbad for Aiding North Korean Hackers"
"US Sanctions Cryptocurrency Mixer Sinbad for Aiding North Korean Hackers"
The US Department of the Treasury recently announced sanctions against cryptocurrency mixer Sinbad for laundering stolen cryptocurrency for the North Korean state-sponsored hacking group Lazarus. Sinbad, the Treasury says, is the preferred mixing service for Lazarus and is responsible for laundering millions of dollars in stolen cryptocurrency for the nation state threat actor. Sinbad operates on the Bitcoin blockchain, and the mixer obfuscates illicit transactions' origin, destination, and counterparties.