North Korea’s notorious Lazarus Group is reportedly now laundering its stolen Atomic Wallet funds through a sanctioned crypto exchange based in Moscow.
The U.S. Office of Foreign Assets Control sanctioned Garantex and the Russian Hydra dark web marketplace in April 2022.
Garantex was founded in late 2019 and originally registered in Estonia before moving the majority of its operations to Moscow, the Treasury Department“Analysis of known Garantex transactions shows that over $100 million in transactions are associated with illicit actors and darknet markets,” it added.
Earlier this month, Cointelegraph reported that the ill-gotten gains were being channeled through theElliptic added that the funds withdrawn from Garantex by the hackers continue to be obfuscated through the Sinbad.io mixer. The Treasury Department also sanctioned Blender.io in May 2022, warning that the service was being used by North Korea to “support its malicious cyber activities and money-laundering of stolen virtual currency.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wallet-emptier Galaxy S22 Ultra drops to a very reasonable priceHere is a rare chance to snag the Galaxy S22 Ultra for 35 percent off.
Read more »
Keanu Reeves Is Auctioning Off a Zoom Date & BRB, Going To Bid All My MoneyAnd it’s for charity—honestly, just take my wallet.
Read more »
UN chief backs idea of global AI watchdog like nuclear agencyU.N. Secretary-General Antonio Guterres on Monday backed a proposal by some artificial intelligence executives for the creation of an international AI watchdog body like the International Atomic Energy Agency (IAEA).
Read more »
Vitalik Buterin: Ethereum ‘fails’ without these 3 important ‘transitions’Enhanced layer-2 scalability, wallet security and privacy-preserving features are the three “transitions” most crucial to secure Ethereum’s future as a fully “mature tech stack,” says Vitalik Buterin.
Read more »
Curve Finance founder deposits $24M to Aave, controls 32% of CRV supplyA wallet tagged as belonging to Curve Finance founder Michael Egorov deposited 38 million CRV tokens into Aave to mitigate liquidation risk.
Read more »