America Division of Treasury has added greater than 40 cryptocurrency addresses allegedly linked to controversial mixer Twister Money to the Workplace of Overseas Asset Management (OFAC) record of Specifically Designated Nationals.
In a Monday assertion, OFAC successfully confirmed locked Blocked US residents from utilizing Twister Money and added 44 USD Coin (USDC) and Ether (ETH) addresses linked to the mixer to its record of Specifically Designated Nationals. The Division allegedly that people and teams had used the mixer to launder greater than $7 billion value of crypto since 2019, together with the $455 million stolen by the North Korea-linked Lazarus Group. The protocol has additionally been the main focus of some current decentralized finance hacks and exploits, together with a $375 million assault on Wormhole in February and a $100 million hack on Horizon Bridge in June.
"Regardless of different public assurances, Twister Money has repeatedly didn't put in place efficient controls to discourage it from laundering funds for malicious cyber actors frequently and with out taking primary steps to handle its dangers," mentioned Brian Nelson, Treasury Division's undersecretary for terrorism and monetary affairs Intelligence. "The Treasury Division will proceed to aggressively crack down on mixers who launder digital currencies for criminals and those that assist them."
As we speak, the Treasury Division sanctioned digital foreign money mixer Twister Money, which has laundered greater than $7 billion value of digital currencies since its inception in 2019. Digital foreign money mixers that assist criminals are a menace to US nationwide safety. https://t.co/x8sCXsNzUv
— Division of Treasury (@USTresury) August 8, 2022
The Treasury took related motion in opposition to cryptocurrency mixer Blender.io in Might. In accordance with OFAC, the mixer allegedly processed $20.5 million out of about $620 million stolen from Axie Infinity's play-to-earn sport Ronin Bridge - about 173,600 ETH and 25.5 million USDC. Below OFAC sanctions, the belongings of corporations and people are frozen and "US individuals are typically prohibited from doing enterprise with them."
Associated: US Treasury Sanctions 3 Ethereum Addresses Allegedly Linked to North Korea
Twister Money introduced in July that it had made its person interface code totally open supply as a part of its objectives of full decentralization and transparency. The mixer's web site included a compliance instrument that allowed customers to view the supply of every transaction.
