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Blender.io
Blender.io is a cryptocurrency mixer that was established in 2017. In 2022, it was sanctioned by the Office of Foreign Assets Control of the U.S. Department of the Treasury for allegedly aiding the Lazarus Group, a hacking group associated with the government of North Korea. The Treasury Department stated that this was the first sanction that they had imposed on a cryptocurrency mixer. References See also * Tornado Cash Tornado Cash (also stylized as TornadoCash) is an open source, non-custodial, fully decentralized cryptocurrency tumbler that runs on Ethereum Virtual Machine-compatible networks. It offers a service that mixes potentially identifiable or "taint ... * ChipMixer Cryptocurrency tumblers {{NorthKorea-stub 2017 establishments ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cryptocurrency Mixer
A cryptocurrency tumbler or cryptocurrency mixing service is a service that mixes potentially identifiable or "tainted" cryptocurrency funds with others, so as to obscure the trail back to the fund's original source. This is usually done by pooling together source funds from multiple inputs for a large and random period of time, and then spitting them back out to destination addresses. As all the funds are lumped together and then distributed at random times, it is very difficult to trace exact coins. Tumblers have arisen to improve the anonymity of cryptocurrencies, usually bitcoin (hence bitcoin mixer), since the currencies provide a public ledger of all transactions. Due to its goal of anonymity, tumblers have been used to money launder cryptocurrency. Background Tumblers take a percentage transaction fee of the total coins mixed to turn a profit, typically 1–3%. Mixing helps protect privacy and can also be used for money laundering by mixing illegally obtained funds. Mixing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tornado Cash
Tornado Cash (also stylized as TornadoCash) is an open source, non-custodial, fully decentralized cryptocurrency tumbler that runs on Ethereum Virtual Machine-compatible networks. It offers a service that mixes potentially identifiable or "tainted" cryptocurrency funds with others, so as to obscure the trail back to the fund's original source. This is a privacy tool used in EVM networks where all transactions are public by default. The project is governed through a decentralized autonomous organization (DAO) and using the $TORN token as a voting system for protocol updates. On 18 August 2022, Tornado Cash was present on the Ethereum (ETH), Binance Smart Chain, Polygon, and Optimism networks, with Ethereum being the most-used one, having had over US$7.6 billion in ETH go through the mixer. Functionality Tornado Cash uses multiple smart contracts that accept different quantities of ETH and ERC-20 deposits. These deposits can later be withdrawn to a different address by p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Office Of Foreign Assets Control
The Office of Foreign Assets Control (OFAC) is a financial intelligence and enforcement agency of the U.S. Treasury Department. It administers and enforces economic and trade sanctions in support of U.S. national security and foreign policy objectives. Under Presidential national emergency powers, OFAC carries out its activities against foreign states as well as a variety of other organizations and individuals, like terrorist groups, deemed to be a threat to U.S. national security. As a component of the U.S. Treasury Department, OFAC operates under the Office of Terrorism and Financial Intelligence and is primarily composed of intelligence targeters and lawyers. While many of OFAC's targets are broadly set by the White House, most individual cases are developed as a result of investigations by OFAC's Office of Global Targeting (OGT).Yukhananov, Anna, and Warren Strobel"After Success on Iran, U.S. Treasury's Sanctions Team Faces New Challenges" Reuters, April 14, 2014. Sometime ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lazarus Group
Lazarus Group (also known by other monikers such as Guardians of Peace or Whois Team ) is a cybercrime group made up of an unknown number of individuals run by the government of North Korea. While not much is known about the Lazarus Group, researchers have attributed many cyberattacks to them between 2010 and 2021. Originally a criminal group, the group has now been designated as an advanced persistent threat due to intended nature, threat, and wide array of methods used when conducting an operation. Names given by cybersecurity organizations include Hidden Cobra (used by the United States Department of Homeland Security to refer to malicious cyber activity by the North Korean government in general) and Zinc (by Microsoft). The Lazarus Group has strong links to North Korea. The United States Federal Bureau of Investigation says that the Lazarus Group is a North Korean "state-sponsored hacking organization". According to North Korean defector Kim Kuk-song, the unit is internally k ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North Korea
North Korea, officially the Democratic People's Republic of Korea (DPRK), is a country in East Asia. It constitutes the northern half of the Korea, Korean Peninsula and shares borders with China and Russia to the north, at the Yalu River, Yalu (Amnok) and Tumen River, Tumen rivers, and South Korea to the south at the Korean Demilitarized Zone. North Korea's border with South Korea is a disputed border as both countries claim the entirety of the Korean Peninsula. The country's western border is formed by the Yellow Sea, while its eastern border is defined by the Sea of Japan. North Korea, like South Korea, its southern counterpart, claims to be the legitimate government of the entire peninsula and List of islands of North Korea, adjacent islands. Pyongyang is the capital and largest city. In 1910, Korean Empire, Korea was Korea under Japanese rule, annexed by the Empire of Japan. In 1945, after the Surrender of Japan, Japanese surrender at the End of World War II in Asia, end ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ChipMixer
ChipMixer was a cryptocurrency laundering service operated out of Vietnam from servers run in Germany. The service was allegedly used to launder more than three billion dollars over a period of six years. Service The service allowed customers to obfuscate the origin of cryptocurrency transactions. This anonymization was useful for criminals who used the service when purchasing illicit goods from darknet markets. Additionally, criminals needing to hide the origins of ransomware payouts used the site. Seizure The website and backend servers were seized by the Bundespolizei, Federal Bureau of Investigation, Homeland Security Investigations The U.S. Immigration and Customs Enforcement (ICE) is a federal law enforcement agency under the U.S. Department of Homeland Security. ICE's stated mission is to protect the United States from the cross-border crime and illegal immigration tha ..., and Europol on March 15, 2023. The German police seized 46 million dollars in cryptocur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cryptocurrency Tumblers
A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. It is a decentralized system for verifying that the parties to a transaction have the money they claim to have, eliminating the need for traditional intermediaries, such as banks, when funds are being transferred between two entities. Individual coin ownership records are stored in a digital ledger, which is a computerized database using strong cryptography to secure transaction records, control the creation of additional coins, and verify the transfer of coin ownership. Despite their name, cryptocurrencies are not considered to be currencies in the traditional sense, and while varying treatments have been applied to them, including classification as commodities, securities, and currencies, cryptocurrencies are generally viewed as a distinc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
