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US imposes first-ever sanctions on bitcoin mixer for money laundering » Crypto Insiders

Blockchain in cryptocurrencies are still striking subjects† Many people were recently of the opinion that they are exclusively for criminals, so it took a while before regulation was taken seriously, but that has changed a lot now. Now the government of the United States even impose the first sanctions on a so-called bitcoin (BTC) mixer.

Hacker group Lazarus

That’s what the Treasury Department, the US Treasury Department, announced† More precisely, it is the blender Blender.io, not to be confused with the 3D drawing software Blender. The mixer has been banned for helping notorious North Korean hacker group Lazarus Group with money laundering van bitcoins.

Lazarus is known for a large number of hackswhich nowadays makes extensive use of cryptocurrencies. The group is practically state-owned and thus carries out government-coordinated attacks. Among other things, the biggest Ethereum hack ever comes from Lazarus, and the cryptocurrencies would be used to power the country’s nuclear weapons program to pay for.

Blender was used by North Korea to launder more than $20.5 million. The money came from from Axie Infinity-hack from the end of March. Four Lazarus wallet addresses were discovered that were used in the hack.

First ever sanctions for a crypto mixer

Crypto is very two-sided for governments. On the one hand, they love you to use the technology. For many cryptocurrencies, all transactions are public, which means that crime is relatively easy to solve. On the other hand, they don’t want you to bypass fiat currency and engage in illegal activities.

Mixers therefore do not help with these objectives, which ensure that you can deal with crypto almost invisibly. Then it is no longer possible to determine whether or not you do criminal things. Nevertheless, the threshold to regulate mixers remains high. It would suggest that you should not have any privacy. Mixers are therefore not yet completely illegal in many countries.

HThe Ministry of Finance emphasizes that the use of Blender by Americans is also prohibited, except if you have special permission to do so. In total, more than 50% of the addresses at the mixer are blocked.

However, mixers were previously subject to other measures, including fines† Europol and the Dutch FIOD have the big mixer Bestmixer.io even completely out of the blue† This seems to have been partly active in the Netherlands.

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