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

Blender.io had the ability to process $20.5 million of $620 million from the Vietnam-based play– to-earn video game. This included roughly 173,600 Ether and 25.5 Million USD Coin (USDC). OFAC discovered that Blender.io was associated with money laundering for Russia-linked ransomware companies like Conti, Ryuk and Sodinokibi. Blender.io was not offered at the time this article was composed.

Brian E. Nelson, Treasury Under Secretary for Terrorism and Financial Intelligence, mentioned in a declaration

Fridays statement by the United States Treasury Department Office of Foreign Assets Control was that Blender.io had actually been sanctioned for laundering profits from hacking of Axie Infinitys Ronin Bridge. The opponents were determined as Lazarus Group, North Korean state-sponsored hackers.

We will take action versus illegal financial activity by DPRK and wont enable state-sponsored theft and its money-laundering facilitators to go unanswered.

All Blender.io home located in the United States, or in the ownership U.S. people undergoes sanctions. This must be reported right away to OFAC.

The addresses of four wallets that Lazarus Group used to wash stolen funds were also contributed to the Treasury companys List of Specially Designated Nationals (and Blocked Persons).

Related: United States Treasury Dept sanctions 3 Ethereum addresses that are presumably linked to North Korea

The Ronin Bridge hack was found on Wednesday, March 23, it was not understood till the following week.

Blender.io was able to process $20.5 million of $620 million from the Vietnam-based play– to-earn video game. OFAC found that Blender.io was involved in money laundering for Russia-linked ransomware companies like Conti, Ryuk and Sodinokibi. Blender.io was not readily available at the time this short article was written.

There has been a security breach on the Ronin Network.https:// t.co/ ktAp9w5qpP.
— Ronin (@Ronin_Network), March 29, 2022.

The Ronin Bridge hack was discovered on Wednesday, March 23, it was not understood up until the following week. Sky Mavis, a video game designer, was able to access the bridge. OFAC recognized Lazarus Group as the hacker in mid-April.
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