Post
Topic
Board Service Discussion
Re: 📝[Discussion topic] Overview of Bitcointalk Signature-Ad Campaigns📝
by
snipie
on 30/11/2023, 21:09:02 UTC
Another mixer down. Sinbad.io

According to news reports. they have been linked to North Korean group Lazarus: https://www.techradar.com/pro/sinbad-crypto-mixer-used-by-north-korean-lazarus-group-seized-by-us-government

Not only the campaign is closed but Royse777 is freaking out (and I don't blame him):
https://bitcointalk.org/index.php?topic=5419242.msg63245716#msg63245716
Quote
The case is serious and I am considering not to touch any funds that is in the escrow address right now unless I speak to a lawyer. This means no one is going to receive anymore payments unless I have a direction from the lawyer. It's for the safety of everyone.

Thoughts?
Mixers are a very risky business model and I believe this isn't the first time such thing happens. Back in the time, 6 years ago tho, circa 2017, Bitmixer shut down voluntarily after other services being seized by US government. Bitmixer at that time was extremely popular and their earnings were incredibly high, yet the owners saw that they should stop before being tracked down.
I don't know what's going on right now with Sinbad but I am not very surprised to see that coming. Mixers should take on consideration the risks of running such service and where to operate it.