CoinShots Logo
OFAC Sanctions Three More Ethereum Addresses Tied To $600 Million Ronin Attack
Ronin Network was hacked on 23 March 2022 when the platform was emptied of funds. A total of $400 million of funds belonging to customers playing the Axie Infinity game was stolen in the hack that the game had to pay back.
Ankita K.
7:05 22nd Apr, 2022
Frauds

The US government is continuing to issue sanctions tied to last month's headline-generating attack on Axie Infinity's Ronin sidechain, which resulted in the theft of more than $600 million worth of crypto.

The three ETH addresses flagged by today's action from the Office of Foreign Asset Control (OFAC) had all previously been flagged as connected to the Ronin bridge attack. One of the addresses listed today was previously flagged by OFAC in an earlier action.

The March 23 attack resulted in the loss of 173,600 ETH and 25.5 million worth of the stablecoin USDC, as previously reported.

US officials have pointed the blame at the Lazarus Group, a hacking unit tied to the North Korean government. Lazarus has previously been tied to other attacks in the crypto industry.

Source



CoinShots Logo

Social

Get in touch:

© 2022 Coinshots (AtlasZero LLC). All rights reserved.