Reports indicate that North Korean hackers are using a new mixing service to launder cryptocurrencies. The new mixer is likely to be a re-launched version of “Blender,” which now operates under the name “Sinbad.”
According to findings from crypto tracing firm Elliptic Enterprises, hackers affiliated with the North Korean government have a new crypto mixer to launder stolen digital currency, reports Bloomberg. Elliptic reports that Blender – sanctioned for aiding the North Korean hacking syndicate, Lazarus Group, to launder million in Bitcoin – is highly likely to have been re-launched as Sinbad. Sinbad reportedly has laundered almost $100 million in Bitcoin from hacks affiliated with Lazarus.
Lazarus Responsible for Some Major Crypto Hacks
Hackers often use crypto mixers to hide the origin and owner of funds by blending the assets of a larger number of users. Following some of the biggest hacks in crypto history, the United States Treasury’s Office of Foreign Asset Contr
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