TechFlow news, according to CoinDesk, the U.S. Department of the Treasury has sanctioned cryptocurrency mixer service Sinbad.io, accusing it of involvement in transactions linked to North Korean hacking groups. The U.S. Federal Bureau of Investigation (FBI), the Netherlands Financial Intelligence and Investigation Service (FIOD), the Dutch Public Prosecution Service (Openbaar Ministerie), and Finland's National Bureau of Investigation have all seized Sinbad’s website.
The U.S. Treasury's Office of Foreign Assets Control (OFAC) has designated two Bitcoin addresses and two email addresses associated with Sinbad, prohibiting Americans and participants in the global financial system from interacting with these addresses in the future. Data shows that one of the addresses currently holds approximately 0.35 BTC (worth about $13,000), and has received over 15 BTC in total (valued at approximately $570,000 based on current prices).
The press release stated that Sinbad processed funds from the Horizon Bridge and Axie Infinity hacks and facilitated transfers related to "sanctions evasion, drug trafficking, and other illicit sales."
