U.S. Sanctions More North Korean ETH Addresses Over $600M Ronin Hack

The U.S. Department of the Treasury last week connected North Korean hacking organization Lazarus to an ETH wallet used in last month’s $622 million Ronin Network hack, a sidechain established for the play-to-earn game Axie Infinity. Now, the Treasury Department’s Office of Foreign Asset Control (OFAC) has added three Ethereum addresses to its blacklist, including […]

Treasury Dept. Sanctions More North Korea-Linked ETH Wallets Over $600M Ronin Hack

The operators of the Ronin exploit wallet, said by the FBI and OFAC to be North Korea’s Lazarus hacking group, have been laundering funds by moving them from a sanctioned address to an intermediary address before sending the funds to Tornado Cash, a mixer designed to obfuscate the source and destination of funds moved through […]

US Government Warns of North Korean Crypto Attacks After Tying Nation to $625M Hack

The government said it had observed North Korean cyber actors targeting a wide range of crypto and blockchain companies, including exchanges, DeFi protocols and play-to-earn games. Source link

North Korean Lazarus Group allegedly behind Ronin Bridge hack

The United States Treasury Department Office of Foreign Assets Control Specially Designated Nationals and Blocked Persons (SDN) list was updated Thursday to reflect the possibility that North Korean cyber-criminal Lazarus Group was behind last month’s hack of the Ronin Bridge, in which over 173,600 Ether (ETH) and 25.5 million USD Coin (USDC) was taken, Chainalysis […]

The aftermath of Axie Infinity’s $650M Ronin Bridge hack

In late March, Ronin, an Ethereum sidechain built for the popular play-to-earn nonfungible token game Axie Infinity, was hacked for over 173,600 Ether (ETH) and 25.5 million USD Coin (USDC) for a combined value of over $600 million.  The breach on the Ronin bridge was confirmed by Sky Mavis, the developers behind the popular play-to-earn […]

Axie Infinity Builder Takes ‘Full Responsibility’ for $625M Ronin Hack, Exec Says

There are about 1.5 million players of the original Axie Infinity game, released two years ago. Axie Origin, a new game on the network, incorporated 300,000 testers, or unique players, on Thursday, giving them early access, Larsen said. The players came in without any token incentives or any way to play on mobile. Source link

PoW avoids EU ban, two DeFi protocols suffer a combined $11M hack and BAYC does an ApeCoin airdrop: Hodler’s Digest, March 13-19

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Ukraine’s president signs law establishing regulatory framework for crypto Crypto […]

How $600M Ethereum Ronin Hack Was Exposed Days Later

The Ethereum based bridge Ronin was hacked for $600 million in digital assets or 173,600 ETH and $25 million in USDC. This attack has become the largest in the history of decentralized finances (DeFi), surpassing the Poly Network hack which also exploited a bridge-rooted vulnerability. Related Reading | BadgerDAO Pulls A Poly Network As It […]

Bitcoin Buyers ‘Cannot Ignore’ This 3-Year 70% Returns Hack — Analyst

Bitcoin (BTC) dollar cost averaging for even a single year is an opportunity investors “cannot ignore,” one of the industry’s best-known price analysts thinks. In a Twitter debate on June 3, PlanB, creator of the popular stock-to-flow Bitcoin price models, said that short-term dollar cost averaging (DCA) could easily net 70% returns. “Investors cannot ignore […]