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Treasury Department Sanctions North Korean Hacker Group, Confirms Links to $625 Million Hack
The US Treasury Department claims North Korea-based Lazarus Group was behind the theft Ronin is still in the process of recovering funds, it said The Office of Foreign Assets Control has sanctioned the Lazarus Group, the North Korea-based hacker that the US Treasury Department claims was responsible for the $625 million Ronin Bridge hack in March. On Thursday, the Treasury Department announced that the Ethereum address that wallet profiler Nansen dubbed the "Ronin Bridge Exploiter" and was allegedly behind the hack had been added to the list of Specially Designated Nationals And Blocked Persons (SDN). Ronin Network, an Ethereum-connected sidechain that...
Treasury Department Sanctions North Korean Hacker Group, Confirms Links to $625 Million Hack
- Das US-Finanzministerium behauptet, dass die in Nordkorea ansässige Lazarus Group hinter dem Diebstahl steckt
- Ronin sei immer noch dabei, Gelder wiederzuerlangen, hieß es
The Office of Foreign Assets Control has sanctioned the Lazarus Group, the North Korea-based hacker that the U.S. Treasury Department claims was responsible for the $625 million Ronin Bridge hack in March.
On Thursday, the This was announced by the Ministry of Finance that the Ethereum address that wallet profiler Nansen has dubbed the “Ronin Bridge Exploiter” and is allegedly behind the hack has been added to the list of Specially Designated Nationals And Blocked Persons (SDN).
Ronin Network, an Ethereum-linked sidechain used for blockchain gaming group Axie Infinity, was breached in late March for around $600 million, or 173,600 Ether and 25.5 million USDC.
At the time of publication, the wallet address was reported to hold $445.3 million Aether Scan. The data shows that the hackers have moved funds since the breach.
According to a. hacked private keys on March 23 to falsify payouts Explanation from Ronin back then. The breach was discovered almost a week after the hack when a user was unable to withdraw 5,000 ETH.
The hackers attempted to sell about 6,500 stolen ETH in March, transferring the tokens to three different exchanges, according to William Quigley, co-founder of stablecoin Tether and non-fungible token (NFT) blockchain platform WAX. All stolen USDC was transferred to various wallets and DeFi protocols, Etherscan data shows.
Earlier this month, Sky Mavis, the company behind the Ronin Network Bridge, announced that it had raised $150 million to compensate affected users. And in one Blog entry Axie Infinity admitted to “making some compromises” that made the hack possible.
The data shows that more than 3,000 ETH, or about $9.9 million, were moved from the wallet on Wednesday another address who then transferred the ETH in increments of 100 to several different wallets.
“We are still in the process of adding additional security measures before deploying the Ronin Bridge again to mitigate future risks,” Ronin representatives wrote in a community update post on Thursday. “Expect the bridge to be deployed by the end of the month.”
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The post Treasury Sanctions North Korean Hacker Group, Confirms Ties to $625M Hack is not financial advice.