The United States has imposed sanctions on virtual currency mixer Sinbad.io (Sinbad) for its role in processing millions of dollars' worth of virtual currency stolen by North Korean state-sponsored cyber hacking group Lazarus.
Announcing the punitive action, the State Department said cybercriminals also used Sinbad to obfuscate transactions linked to malign activities such as sanctions evasion, drug trafficking, trade in child sexual abuse materials, and illicit sales on darknet marketplaces.
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Political News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.