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The Treasury Department Sanctions the Favorite Crypto "Mixer" of North Korean Hackers

The Treasury Department has imposed new sanctions on a North Korean hacking organization that is often used by hackers to launder money and purchase illicit goods online. 

The sanctions target the “Lizard Squad,” a small group of hackers that often defaced legitimate websites with advertisements for stolen goods, such as weapons and games. 

The Treasury Department announced new sanctions on the “Lizard Squad” and its leaders, including 22-year-old hacker Ryan Marks, for their role in the “Rendition-Gate” hacking scandal, in which the group stole information from the computers of American and foreign government officials. 

The sanctions on the “Lizard Squad” will limit its ability to use cryptocurrencies such as bitcoin and lite

The Treasury Department has officially sanctioned a North Korean-linked cryptocurrency exchange that was used to launder millions of dollars in illicit funds, the department announced Friday. 

The action against Mixin, which was tied to the Lazarus Group, a hacking collective that has been tied to several high-profile hacks and exfiltration attempts, comes on the heels of aThe Treasury Department today announced new sanctions targeting a North Korean cryptocurrency mixer that’s used by hackers to steal millions of dollars from American victims. 

The sanctions, which target a North Korean company and two North Korean nationals, were the latest move by the Trump administration to hit the country for its ongoing cyberattacks. The new sanctions also target Xunlei, a Beijing-based company that provides computer services and software, including a platform for digital asset traders to buy and sell coins. 

The action was taken in coordination with the Chinese government and was the first time the United States has sanctioned a Chinese company for its actions in North Korea.n announcement from the Financial Action Task Force, a global anti-money laundering organization, which has identified cryptocurrencies as “a potential financing channel for terrorism and other criminal activity.” 

The sanctions against Mixin, which were announced in a press release, are the first against a cryptocurrency exchange and mark a significant escalation of the Trump administration’s response to the cryptocurrency industry. 

The action against Mixin

Tornado Cash now blocked in U.S. on money-laundering allegations

A powerful tornado destroyed much of an American city last week, killing at least six people, injuring dozens more, and causing widespread damage. 

The tornado was a destructive force of nature, but it also served as an amplifier for the intense and often dangerous meteorological phenomenon known as microbursts. 

Microbursts are small tornado-like winds that form within larger tornadoes and are typically not life-threatening. 

But during a microburst, a person can encounter extreme wind and heavy rain that can lead to flash floods and debris.

The latest twist in the saga of the now-defunct cryptocurrency Tornadobitcoin has been to leave it blocked in the United States on money-laundering allegations. 

The move comes as the New York Department of Financial Services (NYDFS), which regulates the cryptocurrency industry in the state, is investigating Tornadobitcoin’s operator, Israel-based Ira Goldman. 

The NYDFS has asked Goldman to provide documents regarding his compliance with anti-money laundering laws. 

It is alleged that the bank laundered money for drug traffickers and other unsavoury characters.

The U.S. government has now blocked all of Tornado Cash’s access to U.S. financial systems, leaving the once-thriving digital currency floundering. 

The U.S. Treasury Department announced last week that it had reached an agreement with the small Caribbean nation of Antigua and Barbuda to block all access to the digital currency on money-laundering allegations. 

The agreement is the latest in a series of moves by the U.S. to curtail access to digital currency systems. The actions have crippled digital currency businesses in the region, which have largely been used for illicit activities such as drug trafficking and human trafficking.

Sanctions for North Korea’s Favorite Crypto “Mixer”

The process known as “mixing” is just what it sounds like. 

After selling off your old drugs, it’s time to make new ones. 

 Mixing is a process in which a small amount of a new drug is injected into a large amount of a different drug in order to create a new, stronger “mixture”. 

 Typically, the new drug is produced by a pharmaceutical company, which makes it safe and potent.

The most popular cryptocurrency mixer is currently ShapeShift, which has been acquired by the Switzerland-based exchange platform BitShares. 

Among other services, ShapeShift allows users to instantly exchange a variety of cryptocurrencies, such as Bitcoin, Ether, Litecoin, Monero, and Zcash, for other cryptocurrencies through its API.

Other Top Stories From the New Digital World

You’ve read about the digital world. 

You know about the digital economy, the digital workplace, the digital life.

But what else is happening in the digital world that you might not know about? Let’s take a deeper look at some of the other big stories that have been making headlines in the digital world.

In the past decade, we’ve come to rely on digital devices for almost everything: checking email, communicating with friends, watching videos, and finding information. 

But now, those digital devices are becoming even more ingrained in our daily lives. 

The internet of things is everywhere: in our refrigerators, thermostats, and televisions. 

It’s even in our cars, where we can use our phones to unlock our doors.

You’ve read about the digital world. 

You know about the digital economy, the digital workplace, the digital life. 

But what else is happening in the digital world that you might not know about? Let’s take a deeper look at some of the other big stories that have been making headlines in the digital world.

In the past decade, we’ve come to rely on digital devices for almost everything: checking email, communicating with friends, watching videos, and finding information. 

But now, those digital devices are becoming even more ingrained in our daily lives. 

The internet of things is everywhere: in our refrigerators, thermostats, and televisions. 

It’s even in our cars, where we can use our phones to unlock our doors.