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

0
1391
Bitcoin
Bitcoin
0 0
Azadi Ka Amrit Mahoutsav

InterServer Web Hosting and VPS
Read Time:1 Minute, 0 Second

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

Editor Desk

Antara Tripathy M.Sc., B.Ed. by qualification and bring 15 years of media reporting experience.. Coverred many illustarted events like, G20, ICC,MCCI,British High Commission, Bangladesh etc. She took over from the founder Editor of IBG NEWS Suman Munshi (15/Mar/2012- 09/Aug/2018 and October 2020 to 13 June 2023).
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Advertisements

USD





LEAVE A REPLY

Please enter your comment!
Please enter your name here