The US imposes sanctions against virtual currency mixer Blender.io for the North Korea link

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The US imposes sanctions against virtual currency mixer Blender.io for North Korea link

The Democratic People’s Republic of Korea’s Illicit Activities and Sanctions Evasion

The USA,06 May 2022

Antony J. Blinken, Secretary of State

The United States is imposing sanctions on the virtual currency mixer Blender.io (Blender), which is used by the Democratic People’s Republic of Korea (DPRK) to support its cyber-enabled illicit activities and money-laundering of stolen virtual currency funds. In an attempt to evade robust U.S. and UN sanctions, the DPRK has resorted to theft of funds from virtual currency exchanges and blockchain-related companies to generate revenue for its unlawful weapons of mass destruction (WMD) and ballistic missile programs.

Blender is a platform that has enabled DPRK malicious cyber actors to mix illicit virtual currency with anonymous virtual currency to facilitate money laundering, including part of the proceeds of the nearly $620 million theft from Sky Mavis in March.

The United States remains committed to seeking diplomacy with the DPRK and calls on the DPRK to engage in dialogue. At the same time, we will continue to address the DPRK’s unlawful cyber activities, as well as violations of UN Security Council resolutions.

About Post Author

Suman Munshi

Founder Editor of IBG NEWS (15/Mar/2012- 09/Aug/2018). Recipient of Udar Akash Rokeya Shakhawat Hossain Award 2018. National Geographic & Canon Wild Clicks 2011 jury and public poll winner. Studied Post Graduate Advance Dip in Computer Sc., MBA IT,LIMS (USA & Australia), GxP(USA & UK),BA (Sociology) Dip in Journalism (Ireland), Diploma in Vedic Astrology, Numerology, Palmistry, Vastu Shastra & Feng Sui 25 years in the digital & IT industry with Global MNCs' worked & traveled in USA, UK, Europe, Singapore, Australia, Bangladesh & many other countries. Education and Training advance management and R&D Technology from India, USA, UK, Australia. Over 30 Certification from Global leaders in R&D and Education. Computer Science Teacher, IT & LIMS expert with a wide fan following in his community. General Secretary West Bengal State Committee of All Indian Reporter’s Association
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