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The Treasury Division’s Workplace of Overseas Property Management sanctioned digital forex mixer Twister Money, it announced Monday.
The mixer, which mixes numerous forms of crypto belongings to masks their origin, has gained notoriety as the cash laundering device of selection for the Lazarus Group, a gaggle of state-sponsored North Korean hackers accountable for a collection of large cryptocurrency heists.
The mixer has been used to launder greater than $7 billion price of digital forex since 2019, together with greater than $455 million stolen by the Lazarus Group, in keeping with a Treasury press launch. That features funds from a $600 million theft from Ronin Bridge, a know-how utilized by the Axie Infinity online game to attach with the Ethereum blockchain.
The U.S. Treasury Division expanded its sanctions in opposition to the Lazarus Group in April after tying the group to the theft.
“Regardless of public assurances in any other case, Twister Money has repeatedly did not impose efficient controls designed to cease it from laundering funds for malicious cyber actors regularly and with out fundamental measures to handle its dangers,” stated Beneath Secretary of the Treasury for Terrorism and Monetary Intelligence Brian E. Nelson. “Treasury will proceed to aggressively pursue actions in opposition to mixers that launder digital forex for criminals and those that help them.”
CyberScoop has reached out to Twister Money for remark, however has not but obtained a response.
Mixer applied sciences have turn into popular tools for cybercriminals seeking to launder illicit funds. Most lately, unnamed hackers used Twister Money to launder almost $8 million stolen from the hack of a blockchain bridge Nomad.
Twister Money is the second mixer this 12 months sanctioned by Treasury, which in Might sanctioned Blender.io for additionally facilitating laundering by North Korean hackers.
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