The Limited Times

Now you can see non-English news...

North Korea: Washington sanctions a cryptocurrency “mixer” for the first time

2022-05-06T13:58:18.926Z


The tool would have been used in the theft of 620 million dollars attributed by the authorities to a group of hackers linked to Pyongyang.


The United States imposed

financial sanctions on Friday "

for the first time " on a "

cryptocurrency mixer

", a sophisticated service accused in this case of involvement in "

nefarious cyber activities

" and the laundering of virtual money by Korea North.

Read alsoCryptocurrencies: how lobbies put pressure on Brussels

This "

mixer

", Blender.io, is accused by the US Treasury of being partly linked to the "

largest cryptocurrency robbery

" in the world, the theft of $ 620 million at the end of March attributed by the US authorities to a group of Pyongyang-linked hackers.

"

Virtual currency mixers that promote illegal transactions pose a threat to the national security of the United States

," Undersecretary of the Treasury Brian Nelson said in a statement.

We are taking action against North Korea's illegal financial activities and will not leave the thefts supported by this state and its money launderers unaddressed

,” he warned.

Axie Infinity Hack

In mid-April, US federal police accused the Lazarus group and APT38, hackers "

associated

" with the reclusive East Asian regime, of being responsible for the theft of $620 million in ethereum that followed the hack. Axie Infinity video game at the end of March.

The Ronin network, used for this online game, had been the victim of one of the biggest computer attacks involving cryptocurrencies.

Read alsoNFT:

Axie Infinity,

the video game that was worth 3 billion dollars

Axie Infinity is a blockchain-based game, a decentralized digital ledger that cannot be changed.

It allows you to earn money in the form of NFTs, digital tokens.

According to the US Treasury, Blender was used in laundering more than $20.5 million of the $620 million stolen.

Blender, which is also the English name for a kitchen blender, is a service that facilitates the laundering of funds extorted by hackers "

by muddying the waters on their origin, destination and counterparties

", according to the Treasury.

"

Under cover of increased discretion

", he "

mixes together

" the various transactions he receives before "

transmitting them to their final recipients

", and is therefore "

often used

" by outlaws , adds the US Department of Finance, which points out that Blender has helped transfer more than $500 million in Bitcoin since its inception in 2017.

Source: lefigaro

All news articles on 2022-05-06

You may like

News/Politics 2024-04-02T05:26:31.549Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.