Although the service was launched in October 2022, it is believed to have facilitated the transfer of tens of millions of dollars from the Horizon and other North Korea-linked cyberattacks. According to data released by Chainalysis, the nation-state group sent 1,429.6 Bitcoin worth about $24.2 million to the mixer during the two months from December 2022 to January 2023. The overlaps in the wallet addresses utilized, their connections to Russia, and the similarities in how both mixers function suggest that Sinbad is “highly likely” a rebrand of Blender. The developer of Sinbad told WIRED that the project is a legal privacy-preserving one in the line of Monero, Zcash, Wasabi, and Tor and it was created in response to the “growing centralization of cryptocurrency.” Money earned from financially motivated attacks is used to finance additional cyber activities, such as espionage on the South Korean and U.S. defense industries. Despite the efforts of law enforcement, the threat actor’s widespread attacks continue to demonstrate new behaviors.
https://thehackernews.com/2023/02/norway-seizes-584-million-in.html
