Binance seized $5,8 million from hackers of the Ronin sidechain
The exchange tracked the movement of the stolen funds and blocked 86 addresses
22.04.2022 - 13:30
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What’s new? Binance CEO Changpeng Zhao said that the hackers who hacked the Ronin sidechain sent some of the stolen funds to the exchange’s wallets. A total of $5,8 million was transferred to 86 addresses. Zhao confirmed that the attackers’ wallets have been blocked and the funds seized. Binance CEO is of the opinion that hackers from the DPRK are responsible for the hack.
What had happened before? The Ronin Network hack took place on March 29, 2022. The hackers managed to withdraw 173 600 ETH and 25,5 million USDC, which amounted to more than $625 million. The Federal Bureau of Investigation (FBI) and the US Treasury Department joined the investigation of the attack, the agencies linked the hacking to the Lazarus hacker group from the DPRK.
The US government had already added to the sanctions list a wallet containing 148 000 ETH from the sidechain attack. Analyst firm Elliptic noted that the attackers managed to launder 18% of the stolen assets.
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