Crypto mixer Sinbad has been sanctioned by the US Treasury Department, and the FBI and Finnish police have seized its website

According to Coindesk, US Treasury Department has sanctioned the cryptocurrency mixing server Sinbad from the global US dollar financial system, citing its support for transactions related to North Korean hacker groups. Sinbad's website has also been seized by the Federal Bureau of Investigation, the Dutch Financial Intelligence and Investigation Service (FIOD), the Openbaar Ministryie (Dutch Prosecutor's Office), and the Finnish National Investigation Bureau.

The US Treasury Department's press release describes Sinbad as "a virtual currency mixing service and the primary money laundering tool for OFAC-designated Lazarus Group, a network of hackers supported by the Democratic People's Republic of Korea (DPRK) government."

Illicit Finance

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