Blend

The mixers Blender and Sinbad, along with three operators, have been accused of money laundering and operating remittance services without a license

According to ChainCatcher news reported by The Block, a federal grand jury in the Northern District of Georgia has indicted three Russian citizens for crimes related to operating two cryptocurrency mixers. According to a statement released by the U.S. Department of Justice, the defendants Roman Vitalyevich Ostapenko, Alexander Evgenievich Oleynik, and Anton Vyachlavovich Tarasov are accused of running two mixing companies named Blender.io and Sinbad.io. They are charged with conspiracy to launder money and operating an unlicensed money transmitting business.In May 2022, the U.S. discovered that North Korean hackers used Blender to launder $20.5 million from the $600 million Axie Infinity hack, leading to sanctions against Blender. Blockchain analytics firm Elliptic pointed out in 2023 that Sinbad is likely a rebranded version of Blender, operated by the same organization. Blender maintained a "no-logs policy" and deleted user transaction details.The company operated from 2018 until 2022, with its successor Sinbad emerging a few months after Blender's shutdown. On November 27, 2023, law enforcement took action to shut down Sinbad. If convicted, the defendants could face up to 20 years in prison for money laundering and up to 5 years for operating an unlicensed money transmitting business. Ostapenko and Oleynik were arrested on December 1, 2024. Tarasov remains at large.

The Bitcoin full-chain lending protocol Blend has completed its seed round financing, led by Mario Nawfal and the IBC Group

ChainCatcher News, Bitcoin full-chain lending protocol Blend recently announced the completion of its seed round financing. This round was led by well-known investor Mario Nawfal and the IBC Group, with participation from the Hackquest Community Fund. The specific amount and valuation have not been disclosed. At the same time, Blend has also been selected for the Open Campus accelerator supported by Animoca Brands and Hackquest, as well as the BTC Studio initiated by Wanwu Island and Waterdrop Capital.It is reported that Blend is a full-chain lending protocol aimed at Bitcoin assets, dedicated to providing efficient liquidity solutions for users by introducing Bitcoin as collateral. Blend plans to first deploy its protocol on public chains such as Arbitrum and Base, and will connect to decentralized Bitcoin asset solutions like dlcBTC, further unlocking the earning potential of Bitcoin and promoting its deep application in the DeFi field.Mario Nawfal is a well-known entrepreneur and investor in the United States. His Twitter Spaces have invited global political and business leaders and renowned investors, including Elon Musk and former Brazilian President Jair Bolsonaro. It is reported that Blend plans to co-host a Twitter Space event with Mario Nawfal to promote its lending protocol to the senior Bitcoin user community in the United States, further expanding Blend's influence in the cryptocurrency community.
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