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CEO Changpeng Zhao said that Bitcoin exchange Binance has returned approximately $5.8 million of Axie Infinity assets stolen by hackers. The DPRK hacking group began moving stolen funds
CEO Changpeng Zhao said that Bitcoin exchange Binance has returned approximately $5.8 million of Axie Infinity assets stolen by hackers.
The DPRK hacking group began moving stolen funds from Axie Infinity today. Some of it was made to Binance and spread to more than 86 accounts. $5.8 million was recovered. We’ve done this many times in the past for other projects as well. to stay #SAFU.
— CZ 🔶 Binance (@cz_binance) April 22, 2022
On March 23, unidentified individuals hacked the Ronin Ethereum sidechain and pulled approximately $625 million in ETH and USDC. The incident came to light six days later, and experts noted that some of the funds were sent to centralized exchanges.
Zhao said that at Binance, hackers distributed assets to 86 accounts.
“$5.8 million was returned. We’ve done this many times before for other projects,” he said.
The head of Binance confirmed that a hacker group from North Korea was behind the attack.
In April, US authorities linked the Ethereum address with the stolen funds to the Lazarus group, which allegedly operates in the interests of the DPRK.
Recall that this hackers association was involved in the $280 million KuCoin hack in 2021. Total damage to crypto projects from attacks by North Korean hackers reached $400 million during the year.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
