Crypto mixer sanctioned by US Treasury for role in Axie Infinity hack

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Crypto mixer sanctioned by US Treasury for role in Axie Infinity hack

The crypto mixer is said to have processed $20.5 million out of the $620 million taken by North Korean Lazarus Group hackers.

The United States Treasury Department Office of Foreign Assets Control (OFAC) announced Friday that it was sanctioning cryptocurrency mixer Blender.io for its role in laundering proceeds from the hacking of Axie Infinity’s Ronin Bridge. North Korean state-sponsored hackers Lazarus Group have been identified as the perpetrators of the attack. 

Treasury Under Secretary for Terrorism and Financial Intelligence Brian E. Nelson said in a statement:

The Ronin Bridge hack took place on March 23, but it was only discovered the following week. The bridge was accessed through game developer Sky Mavis. That organization had been indefinitely whitelisted after helping process a surge in transactions. Sky Mavis raised $150 million to reimburse users who lost money in the exploit, and Binance was able to recover $5.8 million of the money from 86 accounts. Lazarus Group was identified as the hackers by OFAC in mid-April.

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