North Koreans Adopt New Crypto Mixer After Sanctions, Firm Says

Hackers affiliated with the North Korean government have a new tool to launder stolen virtual currency, according to crypto tracing firm Elliptic Enterprises Ltd.

The hackers, which are sometimes referred to as the Lazarus Group, are using a new laundering tool called Sinbad, the firm said. Sinbad is “highly likely” to be a related successor to another crypto mixer called Blender, which was sanctioned by the US Treasury Department in May 2022.

Read More: US sanctions virtual currency mixer tied to North Korea

The Lazarus hackers have conducted some of the largest crypto heists of all time. ...