North Korea Was Behind Axie Infinity’s $625 Million Ronin Bridge Hack | #government | #hacking | #cyberattack

Alex Dovbnya

In a stunning twist, the U.S. government has found out that North Korea was behind the Robin hack

Lazarus Group, a notorious cybercrime group that is believed to be run by the North Korean government, has been linked to the $625 million Ronin Network hack, according to blockchain sleuth Chainalysis.

The US Department of the Treasury’s list of the Specially Designated Nationals and Blocked Persons (SDN) now includes the Ethereum address that was involved in the historic security breach.

The aforementioned address received 173,600 ETH and 25.5 million USDC tokens. At press time, the address holds $445 million worth of Ether.    

As reported by U.Today, Ronin, an Ethereum sidechain that was developed for popular play-to-earn game Axie Infinity disclosed a massive security breach in late March, which could be one of the costliest hacking incidents to date.

Earlier this April, Sky Mavis, the developer behind Axie Infinity, raised $150 million in order to compensate the victims of the hack.

In early January, Chainalysis reported that North Korean hackers had stolen $400 million in crypto last year, with Ethereum accounting for the majority of the sum. Lazarus Group, which has been tied to North Korea’s primary intelligence bureau, was responsible for many of the attacks.    

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