Cybersafetyconnections April 18, 2022 vol# 63

  • North Korean hackers have been linked to recent $625 million crypto theft.
  • The U.S Department of Treasury confirmed the linkage of the Lazarus group to the theft.
  • An Ethereum address tied to the Lazarus group has been added to the sanctions list to prevent money laundering.
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Here is the latest news on the stolen $625 million crypto from the Ronin bridge of the online non-fungible game Axie infinity.

U.S Department of Treasury

The North Korean hacking group Lazarus labeled as a state-sponsored hacking organization by the FBI has been tied to the recent theft of 625 million USDC and tokens from the Ronning bridge for the play to earn game Aixie Infinity according to the U.S Department of Treasury Forbes Crypto confidential.

The Lazarus group has been launching attacks as far back as 2009 and connected to the 2014 hack of popular Sony Pictures and pharmaceutical companies in 2020.

Ethereum address added to sanctions List

An Ethereum address tied to the Lazarus group has been added to the sanctions list by U.S officials. This sanctions list bans u.s residents and organizations from conducting business with this address to restrict money laundering of stolen crypto. As of last week, the Ethereum address held $148,000 ether equivalent to $441 million. About 18% of the stolen funds had been laundered according to the estimate by Blockchain intelligence firm Elliptic.

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