The U.S. Treasury Department on Friday imposed sanctions on a virtual currency mixer it said North Korea used to help launder stolen virtual currency as part of the country’s malicious cyber activities program.
The blacklisting of Blender.io marks the first time the Treasury has placed a cryptocurrency mixer on its sanctions list.
Treasury’s Office of Foreign Assets Control, which implements and enforces U.S. sanctions, said Blender.io operates on the bitcoin blockchain and helps facilitate illicit transactions by obfuscating their origins, destination and counterparties. Blender.io has helped transmit more than $500 million worth of bitcoin since its creation in 2017, according to the Treasury.
‘Enforcement 40’ for 2020
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