Cryptocurrency Analysis and News Portal
Sinbad was used by North Korean cyber criminals to launder hundreds of millions stolen from some of crypto’s biggest hacks like Ronin Bridge and Atomic Wallet, said the Treasury. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against Sinbad, a cryptocurrency mixing service allegedly leveraged
Read More
Blender, the cryptocurrency mixer sanctioned by the United States Department of the Treasury’s Office of Foreign Assets Control in May 2022, was “highly likely” relaunched as Sinbad, according to risk management firm Elliptic.In a Feb. 13 report, Elliptic said its analysis of Sinbad suggested that the crypto mixer was likely
Read More
After Sinbad was launched, most of incoming transactions would come from a wallet linked to Blender.io, and Sinbad operators rewarded promoters of the new mixer also from a wallet related to Blender. The two mixers had similar patterns of work, Elliptic said, and both have Russian-speaking websites and tech support
Read More