In a joint operation by the FBI and Dutch Financial Intelligence, Sinbad.io, a cryptocurrency mixing service, has been seized by the U.S. Treasury Department. The move is part of a broader crackdown on illicit activities in the crypto space. Sinbad.io, which gained notoriety as a preferred choice for North Korean-state sponsored hacking organization Lazarus, was flagged as a potential relaunch of the blacklisted mixer Blender. The U.S. government’s action highlights the increasing importance of targeting cryptocurrency mixing services that facilitate criminal activities, particularly in organized crime. The Treasury Department stated that Sinbad.io had processed millions of dollars’ worth of virtual currency linked to heists conducted by Lazarus. The move serves as a stern warning to virtual currency mixers involved in illicit activities, demonstrating the government’s commitment to preventing such platforms from aiding criminal enterprises.

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Information	Details
Geography	Europe
Countries	🇺🇸 🇳🇱 🇫🇮
Sentiment	negative
Relevance Score	1
People	None, Wally Adeyemo
Companies	FBI, Finnish National Bureau of Investigation, Dutch Financial Intelligence and Investigation Service (FIOD), Openbaar Ministerie, Office of Foreign Assets Control (OFAC)
Currencies	Bitcoin
Securities	None