Tagged: sinbad

Financial Crime Report Reveals Bitcoin (BTC) Network’s Growing Role in Laundering of Stolen Crypto

December 18, 2023 @ 7:50 am By Omar Faridi |

The laundering of “ill-gotten” cryptocurrency exerts a multifaceted impact on global financial and security landscapes, “presenting challenges for businesses, governments, and individuals alike,” according to an update from CertiK. CertiK notes in a blog post that for businesses, particularly those operating within the fintech and… Read More

Read more in: Blockchain & Digital Assets, General News, Global | Tagged bitcoin, bitcoin mixers, btc, certik, Crypto Transactions, digital currencies, financial crime, insights, research, sinbad, tornado.cash, virtual currency

Sinbad: Another Crypto Mixer Sanctioned by US Department of Treasury

November 29, 2023 @ 11:34 am By JD Alois |

Mixers, or platforms that seek to cover the tracks of crypto movement, are making news again as the US Department of Treasury, Office of Foreign Assets Control (OFAC), has sanctioned Sinbad.io (Sinbad) for helping North Korea (the Democratic People’s Republic of Korea (DPRK)) in its… Read More

Read more in: Blockchain & Digital Assets, Global, Politics, Legal & Regulation | Tagged hack, lazarus group, mixer, ofac, sinbad, us department of treasury, wally adeyemo