The Ethereum address of the Lazarus group came under US sanctions. Hackers linked to attack on Ronin

https://thetimeshub.in/

Lazarus group's Ethereum address is under US sanctions. Hackers linked to attack on Ronin

U.S. Treasury Office of Foreign Assets Control (OFAC) added to sanctions list a cryptocurrency address that is allegedly associated with the Lazarus hacker group.

Address flagged as being linked to an attack on the Ronin sidechain. At the time of writing, the wallet contained 147,753 ETH.

Chainalysis analysts also noted that the address was involved in the Ronin hack – it received stolen 173,600 ETH and 25.5 million USDC from stolen funds. 

FBI report says Lazarus is responsible for stealing $620 million in cryptocurrency. When attacking Ronin, the attacker withdrew assets worth about $625 million.

Recall that Lazarus is associated with the North Korean authorities. Hackers are also involved in other major hacks in the crypto industry.

The attack on the Ronin sidechain involved in the Axie Infinity blockchain game became known on March 29. The Ronin hack became the largest in the history of the DeFi segment.

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