Crypto Mixer Sinbad Seized and Sanctioned for Laundering Stolen Funds

The FBI and Dutch authorities have seized the websites of Sinbad, a crypto mixer allegedly used by North Korean hackers and cybercriminals to launder stolen funds. The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned Sinbad for serving as a key money-laundering tool for the Lazarus Group, responsible for high-profile hacks. Sinbad processed millions of dollars' worth of virtual currency from Lazarus Group heists, including proceeds from the Horizon Bridge and Axie Infinity hacks