US sanctions more addresses linked to Axie Infinity hack

    The Ronin Network exploit occurred in March and noticed $600 million price of Ethereum (ETH) and $25 million in USDC stolen.

    The US Treasury’s Office of Foreign Asset Control (OFAC) has sanctioned three more Ethereum wallets linked to the current hack on Ronin Network.

    The new addresses have been related to the North Korea hacking group Lazarus, OFAC stated on Friday.

    The OFAC revealed the addition of the three digital foreign money addresses by way of an replace to its Specially Designated Nationals (SDN) List printed on 22 April. All three have ties to the actions of the North Korean state-sponsored hacker group Lazarus Group.

    Notably, current funds motion linked to the three wallets entails proceeds of the exploit on the Ronin blockchain.

    The DPRK has relied on illicit activities like cybercrime to generate revenue while trying to evade US and UN sanctions,” US Treasury tweeted.

    The company has warned that transacting with the designated pockets addresses “risks exposure to US sanctions.”

    OFAC listed pockets addresses ‘blocked’

    The addition of the three wallets comes simply days after the division linked Lazarus Group to the $625 million heist. 

    On Friday, the unique handle used within the assault moved funds to varied addresses utilizing Tornado Cash – a mixing service that helps make transactions troublesome to hint. The decentralised protocol, which helps make Ethereum transactions non-public, announced on 15 April that it will block any crypto wallets added to OFAC’s record.

    Tornado Cash has reiterated that monetary privateness stays “essential to preserving” monetary freedom. However, privateness shouldn’t be pursued on the “cost of non-compliance,” it added.

    In associated developments, Binance reportedly recovered $5.8 million price of funds stolen in the course of the hack. According to Binance CEO Changpeng Zhao, the hackers had despatched the funds to 86 accounts.

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