U.S. Attack On Crypto Mixers Threatens Collateral Damage To Privacy

Aggressive U.S. moves to inhibit cryptocurrency mixing services employed by North Korean state-sponsored hackers are raising howls of opposition at home. The crypto community contends Washington is overreaching, preventing legitimate users from protecting their privacy and stifling software developers. On Monday, the U.S. Treasury forbade Americans to have any dealings with crypto mixer, an Ethereum-blockchain platform that attempts to obscure the source of digital assets by pooling users’ funds and then allowing them to withdraw a randomized selection equal to their deposit. The Treasury stated that facilitated the laundering of $455 million worth of digital assets stolen by Lazarus Group, North Korea’s state-sponsored hacking organization. The sanctions follow a similar action from May against, a crypto mixer accused of facilitating the laundering of $20.5 million worth of funds stolen in the March $620 million Ronin Bridge hack, the largest crypto hack to-date, executed by Lazarus Group, according to the U.S. FBI.

Full story : U.S. Attack On Crypto Mixers Threatens Collateral Damage To Privacy.

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.