North Korean Hackers Blamed for $620m Axie Cryptocurrency Heist

The FBI has blamed North Korean hacking group, Lazarus, for the $620m Ethereum heist that targeted gaming company Ronin Network.

Ronin Network owner Sky Mavis, said the US Department of Treasury and FBI have pinned the attack on their networks last March 29 on Lazarus, otherwise known as APT38.

“Through our investigation, we were able to confirm Lazarus Group and APT38, cyber actors associated with the DPRK, are responsible for the theft of $620 million in Ethereum reported on March 29. The FBI, in coordination with Treasury and other U.S. government partners, will continue to expose and combat the DPRK’s use of illicit activities – including cybercrime and cryptocurrency theft – to generate revenue for the regime,” confirmed the FBI.

The US Treasury Department added that it has also sanctioned the crypto wallet used by the Lazarus hackers that was used to cash out on the Axie Infinity hack.

The said wallet used by Lazarus reportedly contained $445m USD and has sent almost $10m out to another address.

“We expect to deliver a full post mortem that will detail security measures put in place and next steps by the end of the month. Security remains our top priority, and we look forward to sharing our learnings with our community and the broader ecosystem. We thank you for your patience,” said Mavis.


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