Cybersecurity
North Korea Hackers Adopt New Crypto Mixer After Sanctions, Firm Says
- Sinbad allegedly shares people, tech with sanctioned Blender
- N. Korean hackers are accused of stealing billions in crypto
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Hackers affiliated with the North Korean government have a new tool to launder stolen virtual currency, according to crypto tracing firm Elliptic Enterprises Ltd.
The hackers, which are sometimes referred to as the Lazarus Group, are using a new laundering tool called Sinbad, the firm said. Sinbad is “highly likely” to be a related successor to another crypto mixer called Blender, which was sanctioned by the US Treasury Department in May 2022.