It says the Lazarus Group funneled around $20 million through the service. | Illustration by Alex Castro / The Verge
The US Treasury Department announced on Friday that it’s sanctioning Blender.io, essentially cutting the Bitcoin mixer off from the US financial system (legally speaking, anyway). The department alleges that the service, which lets people obfuscate the record usually kept by the blockchain, was used by North Korea to “support its malicious cyber activities and money-laundering of stolen virtual currency.”
According to the Treasury’s press release, Blender.io was used by the Lazarus hacking group to launder $20.5 million worth of the cryptocurrency it allegedly stole from the crypto-based game Axie Infinity. The entire proceeds of the hack, which the Treasury linked to Lazarus and North Korea in April, were estimated to be worth around...
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.