FinTech news in mixer category

Both Tornado Cash and Blender.io appeared to play a role in obfuscating the digital trail of funds stolen in that $625 million hack, though Tornado was not sanctioned at that time and the Axie-linked theft was not mentioned in today’s OFAC announcement. Back in May, the U.S. Treasury also sanctioned cryptocurrency mixer Blender.io, another service the Lazarus Group used to launder cryptocurrency stolen after hacking the Ronin bridge on the play-to-earn video game Axie Infinity in April. The Treasury also said Tornado was used by hackers to launder at least $7.8 million in stolen crypto funds during last week’s Nomad heist, which saw cybercriminals exploit a trivial bug to steal $100 million in crypto assets, including Ethereum (ETH), Binance Coin, Tether, USD Coin and Dai. The U.S. has sanctioned decentralized cryptocurrency mixing service Tornado Cash for its role in enabling billions of dollars’ worth of cryptocurrency to be laundered through its platform.