US Sanctions for Supporting Terror

US Treasury sanctions a cryptocurrency mixing site for supporting North Korean hackers who have been stealing hundreds of millions of dollars. is a virtual currency mixing site that obfuscates the origins of cryptocurrency coin transactions. 

Mixing services are privacy tools that malicious entities can also use for laundering illicit funds.  In this case, the Lazarus Group, a North Korean government sponsored hacking group, recently stole $620 million worth of virtual tokens from the popular online game Axie Infinity. 

It is normal practice for cryptocurrency exchange sites to band together to proactively block transactions from coins acquired by cyberattacks, thus making it very difficult for the thieves to swap them for other assets. then processed over $20 million of those tokens, essentially laundering them, undermining legitimate sites from blocking their liquidation.  This constitutes as support for terrorist activities which threaten national security interests, in direct violation of the Office of Foreign Assets Control (OFAC) rules.

When organizations support international crime and terrorism, they should be held accountable.


E-mail me when people leave their comments –

CISO and Cybersecurity Strategist

You need to be a member of CISO Platform to add comments!

Join CISO Platform

CISO Platform

A global community of 5K+ Senior IT Security executives and 40K+ subscribers with the vision of meaningful collaboration, knowledge, and intelligence sharing to fight the growing cyber security threats.

Join CISO Community Share Your Knowledge (Post A Blog)

Webinar On Zero Trust : Architecture Principles; Threats; Architecture Components; Guidance Documents - NIST, CISA, NSA, DOD