OFAC Update Claims Ronin Hack Is Tethered to North Korea’s Hacker Syndicate L...
According to the U.S. Treasury and the Office of Foreign Assets Control (OFAC), the recent Ronin bridge hack may have been tied to the North Korean hacker syndicate called Lazarus Group. Federal law enforcement officials have tied the flagged ethereum address connected with the Ronin bridge exploit to the group of hackers and added the crypto address to OFAC’s Specially Designated Nationals And Blocked Persons list (SDN). Ronin Bridge Exploiter’s Address Added to OFAC’s SDN List On April 14, the U.S. government published an OFAC SDN list update which....
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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 […]
The government department hinted that the addresses were added to the list in an effort to stop North Korea from evading sanctions imposed by the United States and United Nations. The United States Treasury Department has added three Ethereum wallet addresses to sanctions allegedly linked to the hacker group responsible for the theft of more than $600 million in crypto from nonfungible token game Axie Infinity’s Ronin sidechain.In a Friday update, the Treasury Department’s Office of Foreign Assets Control, or OFAC, listed three Ethereum addresses to its Specially Designated Nationals....
Treasury Department updates SDN list to ostensibly tie infamous hacker group to last month’s mega-heist. 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 announced by Twitter. The information was also confirmed by Ronin. The hack, which took place on March 23, was worth over....
On Monday, the U.S. Treasury Department’s watchdog the Office of Foreign Asset Control (OFAC) banned the ethereum mixing application Tornado Cash. OFAC has cited that the mixer has helped North Korean hackers such as the hacking syndicate known as Lazarus Group.
OFAC Sanctions Tornado Cash Mixing App
OFAC has officially banned the Tornado Cash and Tornado Cash Classic websites alongside all of the digital currency addresses allegedly associated with the site.
“The following entity has been added to OFAC’s SDN list: Tornado Cash,”....
The latest report on the Axie Infinity/ Ronin bridge hack is too good to be true. Especially considering the FBI claims a North Korea-sponsored hacking group is responsible for it. “A senior engineer at Axie Infinity was duped into applying for a job at a company that, in reality, did not exist,” The Block reports. That’s not all, apparently, the hackers’ spyware got into the system through a simple .pdf file. Unbelievable that a $622M hack started that way. The Ronin Network is an Ethereum sidechain that exclusively serves Axie Infinity. Both a billion-dollar business and a fun app with....