OFAC Sanctions Virtual Asset Mixer to Combat Lazarus Group
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The US Treasury has initiated a fresh effort to prevent the continued laundering of the funds stolen from Ronin Bridge on March 29th by North Korea’s Lazarus Group. For the first time, sanctions have also targeted the Bitcoin mixer Blender.io, which is designed to obfuscate blockchain transactions.
The sanctions – issued by the US Office of Foreign Assets Control (OFAC) – targeted 45 Bitcoin addresses linked to Blender.io and four new wallets linked to the Lazarus Group.
Lazarus Group
On March 29th, the North Korean cyberhacking organization stole $540 million from a decentralized protocol allowing users to bridge their assets between Ethereum and the popular blockchain game Axie Infinity. The heist was the second largest crypto theft of all time.
As previously identified, the Lazarus Group began laundering its funds through centralized exchanges and the popular Ethereum-based mixer Tornado Cash, which announced soon after that it would be complying with US-based sanctions. It was …
The sanctions – issued by the US Office of Foreign Assets Control (OFAC) – targeted 45 Bitcoin addresses linked to Blender.io and four new wallets linked to the Lazarus Group.
Lazarus Group
On March 29th, the North Korean cyberhacking organization stole $540 million from a decentralized protocol allowing users to bridge their assets between Ethereum and the popular blockchain game Axie Infinity. The heist was the second largest crypto theft of all time.
As previously identified, the Lazarus Group began laundering its funds through centralized exchanges and the popular Ethereum-based mixer Tornado Cash, which announced soon after that it would be complying with US-based sanctions. It was …