US blames North Korean hacker group for $625 million Axie Infinity theft

The US Treasury Department blames North Korean hacking group Lazarus for stealing $625 million worth of cryptocurrency from the Ronin network, the blockchain that Axie Infinity play to earn crypto game, according to a report by vice† On Thursday, the Ministry of Finance updated sanctions to include the wallet address that received the money and attributed it to the Lazarus group.

In an updated post About the incident, the Ronin Network, which is owned by developer group Sky Mavis, explains that the US Treasury Department and FBI spelled out the attack on Lazarus. “We are still in the process of adding additional security measures before redeploying the Ronin Bridge to mitigate future risks,” the message reads. “We expect to deliver a full post-mortem with detailed security measures and next steps by the end of the month.” Ronin says it will bring his bridge back online “by the end of the month.” The bridge allows users to transfer money between other blockchains and Axie Infinitiy and has been blocked since the attack.

As noted by vice, the highlighted wallet address currently holds more than $445 million USD (148,000 Ethereum) and sent nearly $10 million (3,302.6 ETH) less than a day ago to another address. Crypto Transaction Tracker ether scan labels the address as “involved in a hack targeting the Ronin Bridge.”

On March 29, hackers made off with $625 million worth of Ethereum in one of the largest crypto heists to date. According to the cryptocurrency research group Chain analysisThe Lazarus group is linked to North Korean intelligence and was responsible for seven attacks last year. The group rose to fame for hacking into Sony Pictures in 2014, leaking… The interview, a comedy set in North Korea, directed by Seth Rogen. It later used Trojan malware to steal millions from ATMs in Asia and Africa in 2018, and it has also been linked to WannaCry ransomware.

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