U.S. Treasury Sanctions Coin Mixer Allegedly Used by North Korean Hackers To Process Over $20,000,000 in Crypto

U.S. Treasury Sanctions Coin Mixer Allegedly Used by North Korean Hackers To Process Over $20,000,000 in Crypto


The US government is continuing to crack down on illicit crypto activity by targeting a website that it says obfuscates transaction data.

In a new press release, the U.S. Department of the Treasury says the Office of Foreign Assets Control (OFAC) is sanctioning Blender.io, a service OFAC claims the Democratic People’s Republic of Korea (DPRK) uses to launder illicit crypto gains obtained through hacking activity.

Citing a March 23rd theft from the Axie Infinity (AXS) network for over $600 million in which Blender was used to process $20.5 million of the stolen funds, the move is the latest effort of the Biden administration to clamp down on malicious actors in the cryptocurrency space.

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Back in late April, the Treasury sanctioned three Ethereum (ETH) wallets associated

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