The US Treasury says North Korea-backed hacking group Lazarus is tied to the theft of cryptocurrencies worth $600M+ from the Axie Infinity-linked Ronin bridge
CoinDesk
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Discussion
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@johnreedstark
John Reed Stark
on x
Still disturbed by the lack of outrage/attention regarding this financial theft/hack of epic proportions. So much more serious than attacks of Target/Equifax/etc., which at the time were front page news yet did not involve stolen funds & victims were unknown (merely presumed). ht…
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@ahaywa
Andrew Hayward
on x
Huge development in the @AxieInfinity hack saga as the U.S. Treasury connected the wallet used in the $622M Ronin exploit to the state-sponsored North Korean hacking group, Lazarus. Full story at @decryptmedia: https://decrypt.co/...
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@johnreedstark
John Reed Stark
on x
North Korea has long targeted crypto exchanges to evade economic sanctions. Per the UN, the heists are a critical revenue source for its nuclear missile programs. Like ransomware attacks, sanctions evasion is just one of many terrifying crypto-externalites.https:// www.reuters.co…
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@silvermanjacob
Jacob Silverman
on x
N Korean hackers stealing $600m+ in crypto from a play-to-earn game that's turned millions of people in SE Asia into digital sweatshop laborers while VCs bring in dump trucks of cash to keep it going — a lot here. Still wonder if an insider was involved. https://decrypt.co/...
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@ercwl
Eric Wall
on x
These funds will be tumbled and mixed in various ways (DEXes, CEXes, DeFi protocols, mixers) and ultimately sold for fiat at regular exchanges. Those exchanges will fail to flag those transactions as suspicious. Hence KYC/AML is a scam, mainly meant to torture you and me. https:/…
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@motherboard
@motherboard
on x
New: The U.S. Treasury Department added an Ethereum address linked to the recent hack of a crypto platform affiliated with play-to-earn game Axie Infinity to the North Korean sanctions list on Thursday. https://www.vice.com/...
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@josephfcox
Joseph Cox
on x
Wild: recently hackers stole $624 million worth of cryptocurrency from a service for Axie Infinity, the biggest play-to-earn game where people, especially in the Philippines, play to try make a living. Now the FBI has attributed that hack to North Korea https://www.vice.com/...
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@lorenzofb
Lorenzo Franceschi-Bicchierai
on x
NEW: The U.S. accuses the North Korean government of the massive Axie Infinity hack, where it allegedly stole more than $600 million in crypto. Note that North Korea loves to steal crypto and has made it one of its priorities in cyberspace. https://www.vice.com/...
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@chainalysis
@chainalysis
on x
Today, OFAC added a new ETH address to Lazarus Group's SDN entry as an identifier: 0x098B716B8Aaf21512996dC57EB0615e2383E2 f96. https://home.treasury.gov/...
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@blockanalia
Andrew T
on x
You guys think they're going after apes too or are they exclusively big game hunting bridges? https://twitter.com/...
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@satoshialien
@satoshialien
on x
It took a bunch of hackers from North Korea to remind everyone that 1 person controlling 4/9 wallets in a multisig is a bad idea https://twitter.com/...
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@caseynewton
Casey Newton
on x
Lot going on today but also NORTH KOREA stole the Axie Infinity $600 million 🤯 https://www.coindesk.com/...