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Russian founders indicted for operating crypto mixers linked to money laundering

The U.S. DOJ charged three Russians operating Blender.io and Sinbad.io, crypto mixers tied to money laundering schemes. These platforms facilitated several ransomware attacks and scams. Sinbad.io was shut down in 2023. The accused face charges for conspiracy to commit money laundering and unlicensed money transmitting.

The indictment highlights the ongoing government crackdown on crypto mixers due to their role in illegal activities. Authorities aim to curb the use of such platforms in financial crimes. The efforts are part of broader attempts to ensure transparency and security in the cryptocurrency sector.

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