news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    🚨 Crypto Big Crash ? | Top Altcoin to buy Now | Crypto News Today | Bitcoin News | Luna Coin News

    🚨 Crypto Big Crash ? | Top Altcoin to buy Now | Crypto News Today | Bitcoin News | Luna Coin News

    Terra Luna News Today | Rajeev Anand | Crypto News Today | Cryptocurrency News Today | Crypto Marg

    Terra Luna News Today | Rajeev Anand | Crypto News Today | Cryptocurrency News Today | Crypto Marg

    Luna Big News – 30B Terra  Luna burned in 1 hour | 100X Profit Next 48 Hours | Luna Crypto Luna Coin

    Luna Big News – 30B Terra Luna burned in 1 hour | 100X Profit Next 48 Hours | Luna Crypto Luna Coin

    Poilievre's position on cryptocurrency criticized | CPC leadership debate

    Poilievre's position on cryptocurrency criticized | CPC leadership debate

    CRYPTO IS BLOODY RIGHT NOW! IS CRYPTO CRASHING? ARE WE IN THE MIDDLE OF A CRYPTO CRASH?!

    CRYPTO IS BLOODY RIGHT NOW! IS CRYPTO CRASHING? ARE WE IN THE MIDDLE OF A CRYPTO CRASH?!

    Why Terra Luna Dump hard ? | Reason..

    Why Terra Luna Dump hard ? | Reason..

    BITCOIN HOLDERS…WHAT PRESIDENT BIDEN SAID ABOUT INFLATION

    BITCOIN HOLDERS…WHAT PRESIDENT BIDEN SAID ABOUT INFLATION

    Michael Saylor Reacts To Bitcoin Crash And Inflation

    Michael Saylor Reacts To Bitcoin Crash And Inflation

    Is LUNA Fueling the Crypto Crash?

    Is LUNA Fueling the Crypto Crash?

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    🚨 Crypto Big Crash ? | Top Altcoin to buy Now | Crypto News Today | Bitcoin News | Luna Coin News

    🚨 Crypto Big Crash ? | Top Altcoin to buy Now | Crypto News Today | Bitcoin News | Luna Coin News

    Terra Luna News Today | Rajeev Anand | Crypto News Today | Cryptocurrency News Today | Crypto Marg

    Terra Luna News Today | Rajeev Anand | Crypto News Today | Cryptocurrency News Today | Crypto Marg

    Luna Big News – 30B Terra  Luna burned in 1 hour | 100X Profit Next 48 Hours | Luna Crypto Luna Coin

    Luna Big News – 30B Terra Luna burned in 1 hour | 100X Profit Next 48 Hours | Luna Crypto Luna Coin

    Poilievre's position on cryptocurrency criticized | CPC leadership debate

    Poilievre's position on cryptocurrency criticized | CPC leadership debate

    CRYPTO IS BLOODY RIGHT NOW! IS CRYPTO CRASHING? ARE WE IN THE MIDDLE OF A CRYPTO CRASH?!

    CRYPTO IS BLOODY RIGHT NOW! IS CRYPTO CRASHING? ARE WE IN THE MIDDLE OF A CRYPTO CRASH?!

    Why Terra Luna Dump hard ? | Reason..

    Why Terra Luna Dump hard ? | Reason..

    BITCOIN HOLDERS…WHAT PRESIDENT BIDEN SAID ABOUT INFLATION

    BITCOIN HOLDERS…WHAT PRESIDENT BIDEN SAID ABOUT INFLATION

    Michael Saylor Reacts To Bitcoin Crash And Inflation

    Michael Saylor Reacts To Bitcoin Crash And Inflation

    Is LUNA Fueling the Crypto Crash?

    Is LUNA Fueling the Crypto Crash?

No Result
View All Result
news4global
No Result
View All Result
Home Regulation

US Treasury Sanctions First Crypto Mixer – Regulation Bitcoin News

May 7, 2022
Reading Time: 4 mins read
0
US Treasury Sanctions First Crypto Mixer – Regulation Bitcoin News
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitbuy Is Serving The Hottest Deal For Bitcoin Pizza Day

Bitbuy Is Serving The Hottest Deal For Bitcoin Pizza Day

May 20, 2022
Texas quietly tries to steal Silicon Valley’s thunder as the go-to state for crypto

Texas quietly tries to steal Silicon Valley’s thunder as the go-to state for crypto

May 20, 2022

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued its first-ever sanctions on a crypto mixer. The mixing service was used by Lazarus Group to process illicit proceeds from the $620 million crypto heist of the online game Axie Infinity, said the Treasury Department.

Treasury Department Sanctions Crypto Mixer

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced Friday that it has sanctioned crypto mixer Blender.io (Blender). According to the OFAC, this mixing service is used by the Democratic People’s Republic of Korea (DPRK) “to support its malicious cyber activities and money-laundering of stolen virtual currency.”

The announcement explains that on March 23, Lazarus Group, a DPRK state-sponsored cyber hacking group, carried out the largest cryptocurrency heist to date, worth almost $620 million, of a blockchain project linked to the online game Axie Infinity. The OFAC added:

Blender was used in processing over $20.5 million of the illicit proceeds.

The OFAC sanctioned the Lazarus Group on Sept. 13, 2019, and “identified it as an agency, instrumentality, or controlled entity of the government of the DPRK,” the announcement adds. The designation is based on the group’s “relationship to the U.S.- and UN-designated Reconnaissance General Bureau, the DPRK’s premiere intelligence organization.”

Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson commented:

Today, for the first time ever, Treasury is sanctioning a virtual currency mixer.

The investigation by the OFAC also found that Blender facilitated money laundering for Russian-linked malign ransomware groups including Trickbot, Conti, Ryuk, Sodinokibi, and Gandcrab.

The U.S. Treasury Department clarified:

While most virtual currency activity is licit, it can be used for illicit activity, including sanctions evasion, through mixers, peer-to-peer exchangers, darknet markets, and exchanges.

“This includes the facilitation of heists, ransomware schemes, and other cybercrimes,” the Treasury noted.

The announcement details that as a result of the sanctions, all property and interests in property of Blender.io, in the U.S. or in the possession or control of U.S. persons, are blocked and must be reported to the OFAC. Moreover, any entities that are 50% owned or more by one or more blocked persons are also blocked, and all transactions by U.S. persons or within the U.S. involving designated or blocked persons are prohibited.

What do you think about the OFAC sanctioning the crypto mixer? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It

Share76Tweet47

Related Posts

Bitbuy Is Serving The Hottest Deal For Bitcoin Pizza Day

Bitbuy Is Serving The Hottest Deal For Bitcoin Pizza Day

by admin
May 20, 2022
0

Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with...

Texas quietly tries to steal Silicon Valley’s thunder as the go-to state for crypto

Texas quietly tries to steal Silicon Valley’s thunder as the go-to state for crypto

by admin
May 20, 2022
0

Mance Harmon graduated from college in 1993 when the World Wide Web was just getting ripples, so he remembers the...

Freedom Protocol Has Become the Project With the Largest Amount of IDO in the Ecology of Binance Smart Chain – Press release Bitcoin News

Freedom Protocol Has Become the Project With the Largest Amount of IDO in the Ecology of Binance Smart Chain – Press release Bitcoin News

by admin
May 19, 2022
0

press release PRESS RELEASE. Binance is a curious company. the world’s largest cryptocurrency exchange, it also has no official headquarters...

ComplyAdvantage Publishes New Anti-Money Laundering Guide Designed For Growing Crypto Firms

ComplyAdvantage Publishes New Anti-Money Laundering Guide Designed For Growing Crypto Firms

by admin
May 19, 2022
0

But as the demand for cryptocurrencies increases around the globe, policymakers foresee lax anti-money laundering compliance controls as one of...

From bags to pet food, businesses in Singapore allow customers to pay with crypto

From bags to pet food, businesses in Singapore allow customers to pay with crypto

by admin
May 18, 2022
0

SINGAPORE: Even before it had the usual cashless payment options, homeware e-retailer &glazed was already allowing customers to pay for...

Load More
  • Trending
  • Comments
  • Latest

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

March 4, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
USA finance and payments live updates: Bitcoin drops, $400 monthly check car owners, Child Tax Credit 2022, S. – AS USA

USA finance and payments live updates: Bitcoin drops, $400 monthly check car owners, Child Tax Credit 2022, S. – AS USA

May 20, 2022
Bitbuy Is Serving The Hottest Deal For Bitcoin Pizza Day

Bitbuy Is Serving The Hottest Deal For Bitcoin Pizza Day

May 20, 2022
Who does Ponzi scheme better? [Video]

Who does Ponzi scheme better? [Video]

May 20, 2022
In wake of crash, cryptocurrency regulation focus heightens

In wake of crash, cryptocurrency regulation focus heightens

May 20, 2022

Latest News

USA finance and payments live updates: Bitcoin drops, $400 monthly check car owners, Child Tax Credit 2022, S. – AS USA

USA finance and payments live updates: Bitcoin drops, $400 monthly check car owners, Child Tax Credit 2022, S. – AS USA

May 20, 2022
Bitbuy Is Serving The Hottest Deal For Bitcoin Pizza Day

Bitbuy Is Serving The Hottest Deal For Bitcoin Pizza Day

May 20, 2022

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global