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Ronald Maguire

20 April 2022 164 Read Crypto , Others

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Binance Recovers $5.8M Stolen With Axie Infinity Hack

With the Axie Infinity and Ronin Bridge hack that took place last month, 5.8 million dollars of stolen assets were recovered by Binance. Binance CEO Changpeng Zhao claimed that the stolen assets were distributed to 86 accounts. The DPRK hacking team managed to move funds stolen from Axie Infinity, splitting some of it into 86 accounts on Binance.

Cyber Criminal 'Lazarus' According to US Security Officials

FBI reports say that North Korea's organization called Lazarus carried out the theft of $625 million in cryptocurrencies. By exploiting a vulnerability in the Ronin Network, stolen funds were transferred from Ethereum to other cryptocurrencies using the anonymity tool Tornado Cash.

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