North Korean Lazarus Group allegedly behind Ronin Bridge hack

April 14, 2022 Jeannine Cruz

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The hack occurred March 23 and was valued at more than $600 million. It is the biggest burglary of its key in history, and was found numerous days later. The coin was originated from Axie Infinity, a play-to-earn video game that Sky Mavis established in Vietnam. In an effort to compensate users who were affected, the video games developers have raised more than $150 million.

Chainalysis reported that the United States Treasury Department Office of Foreign Assets Control Specially Designed Nationals and Blocked Persons list (SDN), was upgraded on Thursday to show the possibility of North Korean cyber-criminal Lazarus Group being behind the hack of Ronin Bridge last month. The Ronin Bridge was hacked with over 173,600 Ether and 25.5 Million USD Coin (USDC). Ronin likewise verified the information.

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Jeannine Cruz

Jeannine Cruz– Earnings I am known as Jeannine Cruz, I am a writer and an industrialist by profession. My age is 32 years. My aim is to gather the attention of the targeted audience without being boring and unexciting. I like to utilize the free time in writing my views and thoughts for my book lovers or readers. My most preferred articles are usually about finance and business; however, I have written various topics in my articles. I do not have a specific genre. I get very creative when I have to express myself, I often sing, write or draw to portray my feelings. When it comes to my free time or you can say ‘ME-TIME’, I love to play with my cat, sleep an extra hour, or play my favorite video games.