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Blender Cryptocurrency Mixer Continues Under a New Name

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According to reports, Ellipic, a risk management company, said that the cryptocurrency mixer Blender may have been renamed as Sinbad and re-operated, and a wal…

Blender Cryptocurrency Mixer Continues Under a New Name

According to reports, Ellipic, a risk management company, said that the cryptocurrency mixer Blender may have been renamed as Sinbad and re-operated, and a wallet suspected of Blender transferred $22 million to Sinbad. In addition, Sinbad operates in the same way as Blender, including a 10-digit mixer code, a warranty signed by the service address, and a transaction delay of up to 7 days.

The encryption currency mixer Blender has been renamed as Sinbad and re-operated

Interpretation of the news:


Ellipic, a risk management company, recently reported that the infamous cryptocurrency mixer Blender may have changed its name to Sinbad and resumed its operations. The report claimed that a wallet suspected to be associated with Blender had transferred a whopping $22 million to Sinbad. This news raises flags for regulators and law enforcement agencies as Blender, known for its shady dealings, faced constant scrutiny from these agencies in the past.

Cryptocurrency mixers, also known as tumblers, are tools that provide anonymity to users when they transact with cryptocurrencies. They mix up the transactions between various wallets so that the origin of the funds is untraceable. However, the anonymity provided by mixers proved to be a perfect tool for money laundering and other shady transactions. In recent times, many governments have cracked down on these mixers, and Blender was one of the most affected companies.

Ellipic is known for its efforts in tracking transactions on the blockchain and identify suspicious activities. They claimed that Sinbad operates similarly to Blender, including a 10-digit mixer code, a warranty signed by the service address, and a transaction delay of up to 7 days. These features make it difficult for regulators to trace the source of the cryptocurrencies transacted through this mixer. Moreover, the fact that Blender, a notoriously illegal organization in the past, may have transformed itself and resumed its activities under a new name poses a significant challenge to law enforcement officials across the world.

To summarize, the emergence of a possible new name for Blender signifies its resilience in the face of law enforcement challenges. The cryptocurrency market is highly volatile, and the anonymity and low regulation in the market make it ideal for illegal activities like money laundering, fraud, and other scams. It remains to be seen how regulators will respond to this news, and the future of cryptocurrency mixers in general.

In conclusion, the report by Ellipic highlights the challenges faced by regulators in keeping tabs on illegal activities in the cryptocurrency market. The fact that Blender may be operating under a new name underscores the resilience of illegal activities despite legal and regulatory interventions.

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