Crypto Mixer Sanctioned by U.S. Treasury for North Korea Allegations, as FBI and Finish Police Seize Website
The U.S. Treasury Department has banned crypto mixing service Sinbad from the global dollar financial system, alleging that it aids transactions linked to North Korea's hacking group, the Lazarus Group. The FBI, Dutch and Finnish investigative agencies have also seized Sinbad's website. Two Bitcoin addresses and two email addresses linked to Sinbad have been blacklisted by the Office of Foreign Assets Control, preventing any U.S. individuals from associating with them. The release claims Sinbad has processed funds from various illicit activities, including drug trafficking, and funds from the hacks of Horizon Bridge and Axie Infinity. Crypto analytics services suggest Sinbad has also been used to move some of the stolen funds from the Atomic Wallet heist.
