X

Barbara from Denver

Signed up at Wild IO Casino 11 minutes ago.

» Try Wild IO Casino too
Do not show again

Crypto Lists has received confirmation of the United States linking hackers backed by North Korea to an enormous crypto heist of $615 million from gamers of the popular online game Axie Infinity.
The Axie Infinity game offers a play to earn an award of crypto (in AXS) by playing or trading the players’ avatars.

The hack occurred in March and investigations were underway with the help of authorities and the game’s hosting platform. It is believed to be among the largest ever heists in the crypto world. It targeted the Blockchain project, Ronin, and led to doubts over the security of the cryptocurrency industry. Ronin network facilitates its users to transfer the digital currency in and out of the game. Some believe that the industry emerged into the mainstream by significantly relying on promotions by celebrities and promises of untold wealth.

The United States linking the Axie Infinity hack to North Korea’s hackers

The Treasury Department’s Office of Foreign Assets Control (OFAC) red-flagged the address that received the stolen crypto from the Ronin network. It has gone ahead to sanction the address of the hackers. In addition, the Federal Bureau of Investigation (FBI) highlighted that there are two North Korean hacking groups responsible for the Ronin hack. These are the Lazarus group and the BlueNorOff (aka APT38). United States officials believe that North Korea’s primary intelligence Bureau controls and maintains the Lazarus group.

The FBI released a statement highlighting that through their investigations, they confirm that the Lazarus group and APT38 cyber actors are responsible for the heist of over 600 million dollars reported in Ethereum on March 29th. The cyber actors have associated with the DPRK.

The Lazarus group came into the spotlight in 2014 after accusations of hacking into Sony Pictures Entertainment in vengeance for the film, The Interview. The film mocked the North Korean leader, Kim Jong Un. The group has also been involved in Wannacry ransomware attacks and the hacking of international customer bank accounts.

The bureau further stated that it will continue to coordinate with the Treasury and other United States government partners to expose and fight the DPRK’s use of illicit activities. A treasury department spokesperson was reported saying that these include cybercrime and crypto theft that goes on to generate revenue for its weapon of mass destruction and ballistic missile programs. These illicit activities are a means for the regime to evade the United States and United Nations sanctions.

A 2020 military report indicates that North Korea’s hacking programme has grown from its initial days in the mid-1990s to a 6000 cyber warfare unit. The unit is known as Bureau 121 and operates in several countries including China, Russia, India, Malaysia, and Belarus.

Rating: 9.17/10
Supply: 34,159,599,616 / 44,999,999,488
Release date: January 15, 2015

Description: Will Axie Infinity token (AXS) recover, or will it continue to decrease in value? Learn more about AXS and see where you can trade it.

Risk warning: Trading, buying or selling crypto currencies is extremely risky and not for everyone. Do not risk money that you could not afford to loose.


The ETH address linked to the Lazarus group and how the hack occurred

Office of Foreign Assets Control(OFAC) recently added a new ETH address to the SDN list as a part of the Lazarus group. The same address is linked to the Ronin hack in March that collected the ETH and USDC tokens. Ronin acted as a link for transferring ERC-20 tokens between the Ethereum blockchain and Ronin. It enabled Axie Infinity gamers to transact as Ronin is a sidechain for Ethereum.

On March 29, Ronin was hacked. A theft of 173,600 ETH and 25.5 million USDC tokens occurred. The developers of Ronin, Sky Mavis, indicated that the hackers exploited a weakness that compromised the chain’s security. It indicated that previously, it used the ethereum blockchain where transactions were slow and expensive. Therefore, Sky Mavis developed an in-game currency and the sidechain, Ronin which links to the Ethereum blockchain. It led to faster, more affordable, and less secure transactions.

Sky Mavis updated the details disclosing the attack by confirming that the FBI attributes the Ronin validator security attack to the North Korean Lazarus group. The firm also confirmed that Treasury has sanctioned the address that collected the stolen funds.

What next for the North Korean hackers?

According to Chainanalysis, a blockchain analysis company, the North Korean hackers are responsible for heists of over $400 million in digital currency in at least seven attacks on crypto platforms in 2021. The year proved to be one of the most successful for cybercrime in the Asian state.

Crypto lists has learnt that the US is pushing for the UN council to blacklist and freeze the Lazarus group assets.

by Our Certified Author
Cardano Newsflash
    Slots Paradise is a beautiful bitcoin casino for Canada, eh!Slots Paradise is a beautiful bitcoin casino for Canada, eh!
    Thursday, 11 Apr 2024 8:49 am
    If you're based in Canada you're going to be excited about today's latest casino review. Although it's not the newest casino around (see all) we hae to say we're not sure how this one flew under the radar. Slots Paradise (review) has a 3-stage welcome bonus for new players that totals 5500 USDT and if you're lucky and manage to win then you can withdraw instantly within 5 minutes! It doesn't get much better than that. If you want to try a crypto casino that's got a few years of positive feedback under its beautifully designed belt then look no further than Slots Paradise and register right here or browse the review...
    Read the full newsflash


    Deposit in Dai and gamble in Cardano on BetFreeDeposit in Dai and gamble in Cardano on BetFree
    Wednesday, 28 Feb 2024 7:08 am
    Do you want to gamble with crypto and use coins that you'd normally use for other purposes? Imagine a site where there isn't just the standard Bitcoin and Ether deposits but Dai and Cardano too? You don't need to imagine it, since it's right here on BetFree (review) - which is a brand new BTC casino site launched just last week. It's very easy to sign up to, taking under a minute and only requiring an email verification code. Wanna try it? We don't blame you. Sign up now and start playing on this cool new casino...
    Read the full newsflash


    Feel that va va voom on Vavada with a 1000 USDT welcomeFeel that va va voom on Vavada with a 1000 USDT welcome
    Tuesday, 20 Feb 2024 9:14 am
    With a beautifully designed site and games coming thick and fast from 40+ providers, boredom is likely never on the cards when it comes to Vavada Casino (review), a 2017 powerhouse site that we simply couldn't not review for you all. It's got a great range of games to try - obvious really, given the number of developers - alongside a small suite of promos and a large collection of tournaments. If that sounds up your street then it likely is, so why not sign up today and see if our review matches your real-life experience...
    Read the full newsflash


    Solis Bet: a new Cardano casino with a juicy welcome bonus!Solis Bet: a new Cardano casino with a juicy welcome bonus!
    Thursday, 31 Aug 2023 11:46 am
    There are exciting new crypto casinos popping up all the time, but at Crypto Lists we like to think we've got a pretty discerning eye and only review the best ones. One that we published today is the awesome Solis Bet (review). One thing we really liked with Solis was that you can deposit with Cardano (ADA). So, in simple terms it's a Cardano casino, a flourishing niche and one that sits alongside others including Solana casinos. And, there are 2000 games for you to enjoy from developers like BGaming, which is really cool because new casinos often don't have any big names. If you sign up now, you can get a welcome bonus worth up to 1250 EUR. So, what are you waiting for? Try Solis Bet now and get your hands on some tip-top prizes and play some great...
    Read the full newsflash


    Live luxuriously on a plush Cardano casino with Rollers VIPLive luxuriously on a plush Cardano casino with Rollers VIP
    Wednesday, 23 Aug 2023 7:42 am
    Do you want to live like James Bond, cavorting with luscious ladies on live casinos, sipping martinis while the roulette wheel spins? Then you might just be in luck since Rollers VIP (casino review) is freshly published on Crypto Lists. It combines the look and feel of many high-end Bitcoin casinos with payment methods such as Ether, Tron, and Cardano, otherwise known as ADA. You'll find over 70 different game studios provding thousands of titles covering video slots to live Baccarat. Whatever it is you're looking for, you'll find it at Rollers. So, if you want to channel your inner 007, sign up now and see if it deserves to be "Licensed to Thrill". Yep, we've got plenty more...
    Read the full newsflash

New Casino Reviews
New Crypto Casinos
Best Crypto Casinos
Recent Crypto Sites
Recent Crypto Coins
Keep up to date with
 

Our Newsletter

Sign up to our newsletter to get the
latest crypto news, new casinos,
bonus offers and other exciting
exclusives.
* indicates required
CryptoLists.com
Copyright © 2019-2022, by Crypto Lists Ltd (CryptoLists.com). Company name: Crypto Lists Limited. Address: 5 Upper Montagu Street, LONDON W1H 2AG, England.
Jump to top