US Treasury Links Other ETH Wallets To Ronin Network Hack

The US treasury links other ETH wallets to the Ronin Network hack and the hacking group from North Korea, Lazarus as we can see more today in our latest crypto news.

The US Treasury links three other ETH wallets to the North Korean hacking group that attacked the Ronin network. Last week, the US treasury linked the North Korean hacking group, Lazarus, to the Ethereum wallet used in March’s $622 million exploits of the Ronin network. Now the department identified three other wallets related to the attack. The Treasury Office of Foreign Asset Control added the wallets to the list of sanctions related to Lazarus and over the past week, all three wallets were sent some huge sums of stolen funds from the wallet related to the Ronin attack.

The latest move is quite important because Tornado Cash which is a mixing service that makes it hard to trace the movement of crypto between wallets announced that it will block any wallet addresses related to the OFAC sanction list. One of the newly added addresses started draining funds via Tornado Cash earlier today but after the Treasury’s move, the wallets will be banned from using Tornado Cash thanks to the new Chainalysis feature. The bridge that connects the Ronin network to the ETH mainnet was exploited in March with $622 million worth of coins stolen. According to the Axie Infinity Developer Sky Mavis, the bridge was exploited by hacking private keys that allowed the attacker to sign fraudulent transactions.

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Sky Mavis pledged to recover the stolen funds and raised $150 million in new funding from the investors to aid in the process. Binance led the round with participation from Animoca Brands, Paradigm and others. Earlier today, Binance CEO Changpeng Zhao noted that the exchange recovered $5.8 million worth of funds sent to the attacker’s wallet as the funds were spread between 86 accounts.

As recently reported, The theft of $620 million in crypto-related to the bridge hack against the Ronin Network is the latest crime committed by North Korean hackers, the FBI confirms. The FBI issued a statement on Thursday and indicated that the cyber actors known as the Lazarus Group are responsible for attacking the bridge and stealing $620 million. The agency called cybercrime and digital asset theft the latest crypto-related activity that was conducted by North Korean hackers.

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Author: Stefan