According to a recent Chainalysis report, the infamous Lazarus Group has moved its crypto laundering methods to YoMix after the crackdown on the Sinbad mixer. This modification emphasizes the group’s strength on innovations and its capacity to adapt to rising regulatory pressures and law enforcement actions against crypto-oriented money laundering instruments.
Lazarus Group Move to YoMix
The crypto money-laundering topology underwent a massive change in 2023. When the popular Sinbad mixer was put down by regulatory bodies, cybercrime groups, such as the infamous Lazarus Group, had no choice but to use other channels for the illicit fund flows. YoMix, a Bitcoin-based mixer, is the heir, having seen a spike in use by these indeed sophisticated players.
Volume of the Crypto Money Laundering Decrease
The thorough investigation carried out by Chainalysis in respect to the crypto laundering system specifically pointed to a significant diminishing of the total amount of dirty funds transfer
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