The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced fresh sanctions on a cryptocurrency mixer called Blender.io, which happens to be used by the Democratic People’s Republic of Korea (DPRK).
OFAC Sanctions Coin Mixer
In the official press release, the OFAC revealed that North Korean hackers had used Blender to launder digital assets as well as to carry out state-sponsored cyber attacks.
The website was reportedly engaged in the high-profile security breach on Axie Infinity’s Ronin Bridge, processing over $20.5 million of the illicit proceeds out of the total $620 million drained. It has also facilitated the transfer of more than $500 million worth of Bitcoin since its inception five years back.
Under Secretary of the Treasury for Terrorism and Financial Intelligence, Brian E. Nelson stated,
“Today, for the first time ever, Treasury is sanctioning a virtual currency mixer. Virtual currency mixers that assist illicit transactions pose a threa
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