Ill-gotten funds from the massive $35 million Atomic Wallet hack are being funneled to crypto mixer Sinbad, according to analytics firm Elliptic.
Illicit funds gained from the $35 million Atomic Wallet hack have been moving to a crypto mixer known to be favored by North Korea’s most notorious cyber-hacking group.
On June 5, blockchain compliance analytics firm Elliptic reported that its Investigations Team has traced funds from the $35 million Atomic Wallet hack to crypto mixer Sinbad.io. It claims the mixing service was previously used to launder more than $100 million in crypto assets stolen by North Korea’sElliptic did not specify how much was sent to the mixer but noted that the loot was being swapped for Bitcoin , before being obfuscated through the mixer.
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