Quick take:
- Binance CEO Changpeng “CZ” Zhao said his team managed to recover $5.8 million stolen in the Ronin Network hack.
- The US treasury linked the hack to North Korean state-sponsored cybercrime group Lazarus.
- Tens of thousands ETH from the Ronin Network hack were moved into wallets belonging to exploiters over the past few days.
In a tweet today, Binance CEO Changpeng “CZ” Zhao said that the cryptocurrency exchange has recovered $5.8 million worth of stolen funds from Axie Infinity’s Ronin Bridge hack which happened last month.
He said that the North Korean hacking group behind the crypto heist started to move the stolen funds today and part of it made it to Binance, spread over 86 accounts. Earlier this month, Binance led a $150 million fundraise for Axie Infinity creator, Sky Mavis, to help restore funds on the Ronin Bridge.
Last week, the US treasury linked the hack to North Korean state-sponsored cybercrime group Lazarus, who stole $625 million worth of cryptocurrency. The Treasury Department has sanctioned the funds.
DeFiance Capital founder Arthur Cheong believes that North Korean hackers were also behind the spear-phishing attack that led to $1.7 million worth of NFTs being drained from his hot wallet and that the hackers are targeting the entire crypto space.
Blockchain security firm Peckshield has discovered that tens of thousands of ETH stolen from the Ronin Bridge hack were moved into wallets belonging to exploiters over the past few days.
On Apr 18, 10,129.9 ETH ($29.7 million) were moved from one wallet belonging to Ronin exploiters to another. An additional 21,629.5 ETH ($66.7 million) were moved yesterday, and 1,528.2 ETH ($4.5 million) were moved today.
#PeckShieldAlert ~1,528.2 $ETH (~$4.5m) into 0x8fa7b50fc8306ab3de028254df72bf08216742b6 from @Ronin_Network exploiters ⁰
— PeckShieldAlert (@PeckShieldAlert) April 22, 2022
Intermediary address: 0x3cffd56b47b7b41c56258d9c7731abadc360e073 https://t.co/BrTJuAHv0f pic.twitter.com/y6vVDqiPN6
Peckshield also previously reported that the hackers laundered approximately 1700 ETH through Ethereum DeFi protocol, Tornado Cash. The hackers may now be shifting their efforts to convert the stolen crypto to fiat through Binance.
Axie creator Sky Mavis previously said that it is working with law enforcement to recover the stolen funds and is committed to reimbursing all affected users.
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