OFAC Sanctions Virtual Asset Mixer to Combat Lazarus Group
2022-05-06 • Elliptic •
OFAC sanctioned Blender.io for the first time as part of an effort to disrupt laundering of funds stolen in the March 2022 Ronin Bridge hack attributed to North Korea's Lazarus Group. The action covered 45 Bitcoin addresses linked to Blender.io and four additional wallets tied to Lazarus, after the group moved about $273.9 million in Ether to those newly sanctioned addresses between April 24 and May 4. Elliptic reported that Lazarus had already used centralized exchanges and Tornado Cash, and that Blender.io had laundered more than $20.5 million connected to the Ronin theft. The report highlights the expanding sanctions response to DPRK-linked crypto theft and the need to screen newly identified mixer and wallet infrastructure.