US officials link North Korean Lazarus hackers to $625M Axie Infinity crypto theft
The U.S. Treasury Department has implicated the North Korea-backed Lazarus Group (aka Hidden Cobra) in the theft of $540 million from video game Axie Infinity’s Ronin Network last month.
CZ said that Binance recovered $5.8 million from the hacker when the money was transferred to the exchange and spread across over 86 accounts. Recently, security firm PeckShield said the hackers had laundered about 7.5% of the stolen funds and still had around 159,710 ETH – or $512 million – in the wallet.