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The US Treasury Department announced sanctions against the mixer Sinbad, and the Federal Bureau of Investigation will work with the Finnish police to seize its website.

BlockBeats news on November 29th, according to Coindesk, the US Treasury Department announced sanctions on the mixer Sinbad.io, and the FBI will work with the Finnish police to seize its website. OFAC believes that the platform is the main money laundering tool of Lazarus Group, a state-sponsored cybercriminal organization. The Office of Foreign Assets Control (OFAC) of the US Treasury Department has designated two Bitcoin addresses and two email addresses related to Sinbad, prohibiting all Americans and anyone conducting transactions with the global financial system from interacting with these addresses in the future. It is reported that Sinbad processed funds from the Horizon Bridge and Axie Infinity hacks.

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The demand remains significant, and Tornado Cash remains the largest cryptocurrency mixer on Ethereum even after being sanctioned.

After being sanctioned by the US Treasury Department, the assets in Tornado Cash decreased by over 60% and the transfer volume also significantly decreased. However, Tornado's TVL is currently around $227.65 million.

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