U.S. Authorities Crack Down on Crypto Mixer Sinbad for Alleged North Korea Ties, Enabling of Illegal Transactions
• U.S. Treasury blocked crypto mixer Sinbad for alleged ties to North Korean hacking group • Sinbad's website seized by FBI, Dutch, Finnish authorities for enabling illicit transactions • Sinbad allegedly processed funds from Horizon Bridge & Axie Infinity hacks • Service started operating in Oct 2022; moved some funds from $35M Atomic Wallet hack • Part of broader U.S. crackdown on crypto mixers accused of enabling illegal activity