On Monday, the U.S. Treasury Division’s watchdog the Workplace of Overseas Asset Management (OFAC) banned the ethereum mixing software Twister Money. OFAC has cited that the mixer has helped North Korean hackers such because the hacking syndicate referred to as Lazarus Group.
OFAC Sanctions Twister Money Mixing App
OFAC has formally banned the Twister Money and Twister Money Basic web sites alongside the entire digital foreign money addresses allegedly related to the location.
“The next entity has been added to OFAC’s SDN checklist: Twister Money,” OFAC’s Cyber-related Designation report says.
The U.S. Treasury Division’s watchdog talked about dozens of addresses which have held usd coin (USDC) or ethereum (ETH).
With OFAC has including Twister Money and the ETH addresses allegedly tied to the platform, it implies that all U.S. individuals and enterprise entities are strictly prohibited from utilizing the mixer.
Since 2020, the U.S. has enacted laws that may penalize any U.S. individuals or entities that violate the Specifically Designated Nationals checklist. Anybody who breaks the rule can face jail time and wherever between $90,000 to $308,000 per violation.
The information follows the latest Debridge Finance announcement when the venture’s co-founder Alex Smirnov stated Debridge’s workforce was attacked by the notorious North Korean hacking syndicate Lazarus Group.
Moreover, in mid-April 2022, the previous Ethereum developer Virgil Griffith was sentenced to 5 years and three months in jail for a presentation that gave North Korea ““technical recommendation on utilizing cryptocurrency and blockchain know-how to evade sanctions.”
OFAC has already added a couple of crypto addresses to the SDN checklist again in April. The U.S. watchdog additionally assumed that the latest Ronin bridge assault (Axie Infinity) was linked to the hackers from Lazarus Group.
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