Sinbad coin mixer sanctioned and taken down by global authorities
Sinbad.io, a key money laundering tool for North Korean hacker Lazarus Group, had its website seized by U.S. authorities and is now facing sanctions over alleged coin mixing services.
Sinbad.io, a key money laundering tool for North Korean hacker Lazarus Group, had its website seized by U.S. authorities and is now facing sanctions over alleged coin mixing services.
Hackers from Lazarus Group from North Korea posed as macOS engineers and convinced actual engineers to download the malware and infect the exchange in April.
North Korea shows no sign of slowing its ‘crypto’ hacking operations and is increasing its use of Russian digital asset exchanges to launder its ill-gotten gains.
Lazarus Group, linked to a $55 million CoinEx hack, exposed its trail, with experts tracking their cybercrime spree, now exceeding $1 billion.
The two co-founders of the Ethereum-based mixer Tornado Cash were charged by the U.S. Department of Justice with money laundering and sanction violations after they allegedly helped launder $1 billion.
The group of investors from Russia who lost $12 million are suing Atomic Wallet for failing to inform them or the authorities about the $100 million hack.
A state-sponsored North Korea hacking group reportedly broke into the systems of JumpCloud, a Colorado-based IT management firm that helps network administrators manage devices and servers, according to Reuters.
Atomic Wallet users claimed that the platform and its CEO, Konstantin Gladych, knew about the system's vulnerability as early as 2022 but failed to take appropriate action, which led to huge losses.
Atomic Wallet was hacked earlier this month in an attack it claimed only affected 1% of users, and Elliptic reports that the Lazarus Group is laundering the money through the Garantex exchange.
Japan accounted for 30% of digital assets stolen globally, and Elliptic’s research traced them to Lazarus Group, the hacking group with links to North Korea.
After Russia invades Ukraine, sanctions are back on the agenda, and when it comes to getting around them, misuse of digital assets appears to be essential.
Working with the FBI and DOJ, Norway successfully recovered $5.9 million worth of digital currencies from the Ronin hack perpetuated by the Lazarus Group.