The US Has Identified North Korean Hacker Lazarus in the $622 million Axie Infinity Exploit

On Thursday, the Federal Bureau of Investigation identified North Korean hackers for an over $600 million crypto stolen from the famous crypto play-to-earn Axie Infinity. Although no one has publicly assigned blame for the attack, the US Treasury confirmed on Thursday that a wallet address used by the hackers was controlled by a North Korean hacking group known as “Lazarus.”

The Treasury Department has added a new Ethereum wallet address to its list of sanctioned individuals associated with the Lazarus Group. Sky Mavis, the founder of Axie Infinity, recognized this wallet address as the Ronin attacker in late March.

“Through our investigation, we were able to identify that Lazarus Group and APT38, two cyber actors linked to the Democratic People’s Republic of Korea, are responsible for the theft of $620 million in Ethereum reported on March 29,” 

The FBI said in a news statement

According to a Ronin statement, the network plans to provide a “full post mortem” documenting security measures implemented and next steps before the end of the month.

In 2014, Lazarus was accused of hacking Sony Pictures Entertainment in response to the satirical film “The Interview,” which criticized North Korean leader Kim Jong Un. It has also been suspected of being a part of the “WannaCry” ransomware attacks and of hacking foreign banks and consumer accounts.

According to a Treasury Department spokesperson:

“The United States is aware that the DPRK has increasingly relied on illegal activities – including cybercrime – to fund its weapons of mass destruction and ballistic missile programs in order to defy the stringent United States and United Nations sanctions.”

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