US Takes Aim at North Korean Crypto Laundering

The U.S. sanctioned a cryptocurrency swap service on Friday, part of a larger effort to crack down on North Korea's practice of using hackers to steal money for the state. From a report: The sanctions, leveled against the company Blender.io, mark the first time that the U.S. Treasury Department has taken action against what is known in the cryptocurrency industry as a mixer, a for-profit service that allows users to move crypto between accounts without leaving a clear transaction record. Treasury said in a news release that North Korea has used Blender.io to launder more than $20.5 million of cryptocurrency that it allegedly stole from the online game Axie Infinity in March. Hackers stole more than $600 million worth of cryptocurrency from the game's owner. Blender.io did not immediately respond to an emailed request for comment. Its site was inaccessible Friday.

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