North Korean hacking group Lazarus was found tied to the theft of more than $600 million in cryptocurrency
he U.S. Treasury Department has tied the North Korean hacking group Lazarus to the theft of more than $600 million in cryptocurrency from a software bridge used for the popular Axie Infinity play-to-earn game.list on Thursday. More than $86 million of the stolen cryptocurrency from the Ronin bridge has moved from the wallet through a service called Tornado Cash that allows anonymous token transfers, data show.
The FBI said in a statement that an investigation had determined that the hacking outfits Lazarus Group and APT38, both associated with North Korea, were behind the theft. The bureau added that such crimes generate revenue for the North Korean regime. The hack was likely the largest ever in the cryptocurrency world. The software bridge was built to reduce the traffic and cost on the Ethereum blockchain caused by the popularity of Axie Infinity, which was created by Vietnam-based developer Sky Mavis. The bridging technology has been under fire after more than $1 billion worth of cryptocurrencies were stolen in a little more than a year from crypto bridges.
Meanwhile, blockchain data shows that 28,000 Ether associated with Ronin bridge hack were transferred to Tornado Cash.
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