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Centralized crypto mixer Blender.io got hit with first of its kind sanctions over its alleged role in the infamous $620 million online gaming platform Axie Infinity by the U.S. Department of the Treasury’s Office of Foreign Assets Control [OFAC]. As per the press release, Blender was used in processing over $20.5 million of the stolen […]
Crypto Mixers such as the popular Tornado Cash have gained notoriety over the years as criminals used these software tools to launder millions of dollars worth of cryptocurrency. There were several such instances of misuse in the past. Last year, an Ohio native operating a Bitcoin mixer called Helix pleaded guilty to laundering more than $300 million. […]
The US Treasury, under a Trump administration, may bring reform to how courts handle crypto mixer-related incidents, following OFACs overreach in the Tornado Cash sentencing.
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