The U.S. Treasury's report to Congress acknowledges the privacy uses of crypto mixers while revealing North Korean hackers laundered $2.8 billion in digital assets, including $1.5 billion from Bybit.
The claim accurately reflects a series of reports from March 2026 regarding a U.S. Treasury submission to Congress. The details regarding the GENIUS Act, DeFi AML/CFT requirements, the 'hold law' proposal, and the $9 billion FBI fraud figure are all corroborated by multiple independent news outlets and research snippets. The timing (March 8-9, 2026) aligns perfectly with the provided metadata.
The U.S. Treasury submitted a report to Congress recognizing crypto mixers' role in ensuring financial privacy. The report also highlighted $2.8 billion in digital assets stolen by North Korean hackers between January 2024 and September 2025, including $1.5 billion from Bybit, with substantial amounts laundered via crypto mixers.