A U.S.-sanctioned crypto mixer named previously known as Blender has reappeared with a different name.
Researchers believe the mixer is being used to launder North Korean funds.
- Blender was one of the crypto mixers used to clean a portion of the $620M worth of crypto that was stolen in the Axie Infinity hack in 2022.
- This breach is the largest hack in the history of crypto and was carried out by Lazarus Group.
- Researchers have concluded that Sinbad, the mixer's new name, is, in fact, the same as Blender because of several facts:
- The Bitcoin wallet that was used to pay the people who promoted Sinbad received money from the Blender operator's wallet.
- An address on the Sinbad website was shown to have received Bitcoin from a wallet tied with Blender.
- Most of the transactions that were initially conducted on Sinbad were sent from the suspected Blender operator's wallet.
- Both services are designed similarly.
