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The US Treasury has confiscated North Korean Ethereum accounts.

23 Apr 2022 By : COIN GABBAR
The US Treasury has

The US Treasury has confiscated North Korean Ethereum accounts.

The federal agency implied that now the locations were put on the database in order to prevent North Korea from circumventing restrictions implemented by the US and the UN.

The US Treasury Department had added 3 Ether wallet addresses to a list of penalties reportedly tied to the cyber gang accountable for the loss of more than $600 million in cryptocurrency from the Ronin side-chain of nonfungible token game Axie Infinite space.

The Treasury Department's Department of Foreign Activities Regulation added three Ethereum addresses to its Specially Designated Nationals list for North Korea's Lazarus Group in a Friday revision. The U.S.

The Federal Bureau of Investigation and the National Cyber Security Agency have directed the gang for its possible involvement in stealing over 173,600 Ether (ETH) and 25.5 million USD Coin (USDC) first from Ronin sidechain in March — these same altcoins have been valuable and over $600 million and counting.

In a Friday tweet, the US government body implied that now the names were put on the list in an attempt to block North Korea from circumventing international sanctions by the US and the UN. According to blockchain data, at minimum another of the wallet data organized with the Ronin hacker moved payments to cryptocurrency mixing console services such as Tornado Cash.

According to the source, North Korea snatched over $400 million in bitcoin using hacks in 2021, implying that the Ronin robbery might be its greatest grab yet. Illicit payments related to the isolated nation's hacking gangs were mostly in Ether (58 per cent), Bitcoin (20 per cent), and other tokens (22 per cent).

The inclusion of the ETH domains was the most recent action enforced by OFAC to designate crypto certificates as a mechanism for blocked states to get funds.

 The federal agency said in April that it had sought Russia-based darknet auction Hydra and virtual currency marketplace Garantex, and cryptocurrency business BitRiver, for possible links to revenue from ransomware and other online fraud.