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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by Joji Xavier
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