Treasury / 1 posts found
US Treasury issues first-ever sanctions against a cryptocurrency mixer
Cryptocurrency mixers are sometimes used to help online criminals launder their stolen money by hiding its true origins, and the US Treasury is now ready to clamp down on them when hostile governments are involved. The department has issued its first sanctions against a Bitcoin mixer, Blender.io, for allegedly and “indiscriminately” helping North Korea launder over $20.5 million in crypto from the $620 million Axie Infinity heist and other crimes. The measures block all Blender property in the US (or controlled by US residents), as well as US-linked transactions and any entities where blocked people have majority control. On a […]