US Treasury Connects North Korean Hackers to $622M Axie Infinity Exploit


In brief

  • The U.S. Treasury added an Ethereum wallet address to its sanctions list today, tying it to North Korea’s Lazarus Group.
  • It’s the same address tied to last month’s $622 million attack of Axie Infinity’s Ronin Network.

North Korean hacking group Lazarus is allegedly responsible for last month’s $622 million hack of Ronin Network, an Ethereum sidechain used by play-to-earn crypto game, Axie Infinity.

The connection was revealed today when the United States Department of the Treasury announced that it added a new Ethereum wallet address to its list of sanctions for the Lazarus Group. It’s the same wallet address that Axie Infinity creator Sky Mavis named as the Ronin attacker in late March.

Track live crypto price of 10000+ coins!


Related:  Vauld says it disagrees with asset freeze order by Indian authorities

CoinDesk first reported the news. A look at Ethereum wallet explorer Etherscan shows the label “Ronin Bridge Exploiter” for the wallet.

This story is developing and will be updated.

The best of Decrypt straight to your inbox.

Get the top stories curated daily, weekly roundups & deep dives straight to your inbox.


Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: