North Korean Hacker Group Stole Millions In Cryptocurrency From Gamers (Reuters )

North Korean Hacker Group Stole Millions In Cryptocurrency From Gamers

  Monday, April 18th, 2022 Source: Reuters

The United States has linked North Korean hackers to the theft of hundreds of millions of dollars’ worth of cryptocurrency tied to the popular online game Axie Infinity, the U.S. Treasury Department said on Thursday.

Ronin, a blockchain network that lets users transfer crypto in and out of the game, said digital cash worth almost $615 million was stolen on March 23. read more

No one has explicitly assigned blame for the hack, but on Thursday the U.S. Treasury identified a digital currency address used by the hackers as being under the control of a North Korean hacking group often dubbed "Lazarus."

"The United States is aware that the DPRK has increasingly relied on illicit activities -- including cybercrime -- to generate revenue for its weapons of mass destruction and ballistic missile programs as it tries to evade robust U.S. and U.N. sanctions," a Treasury Department spokesperson said, using the initials of North Korea’s official name.

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