US Treasury’s sanctions office blacklists an alleged Lazarus-held crypto wallet
A group of North Korean Hackers known as Lazarus has been identified as one of the culprits behind a hack on the Ronin Bridge after The US Treasury Department added an Ethereum address to its sanctions list on Thursday. Chainalysis confirmed the address was involved in the Ronin hack, having received 173,600 ETH and 25.5 million USDC from the Ronin Bridge smart contract during the attack.
Summary
- When DappRadar checked the wallet on Friday, April 15, the address held 147,000 ETH worth around $447 million.
- The ETH address is now labeled in the Sanctions category in all Chainalysis products.
- Elliptic estimated that 14% of the stolen funds had already been laundered.
Ronin is a custom sidechain created by Sky Mavis. It’s connected to the main Ethereum blockchain and supports faster and cheaper transactions for players of the leading play-to-earn game Axie Infinity. The hack is the most…
