• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Breaking News: Tether Announces Strategic Partnership To Combat Stablecoin Misuse
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Bitcoinist.com
No Result
View All Result
Breaking News: Tether Announces Strategic Partnership To Combat Stablecoin Misuse
North Korean hacker crypto

U.S. Links North Korean Hacker Lazarus To $622 Million Axie Infinity Exploit

Christian Encila
by Christian Encila
3 years ago
·
Posted in Crypto News, NFT
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Federal Bureau of Investigation connected North Korean hackers to a theft of bitcoin worth more than $600 million from a service associated with the popular crypto play-to-earn game Axie Infinity on Thursday.

Although no one has publicly assigned blame for the intrusion, the US Treasury recognized a digital currency address used by the hackers as being controlled by a North Korean hacking outfit called “Lazarus” on Thursday.

The Treasury Department announced the addition of a new Ethereum wallet address to its list of sanctioned individuals associated with the Lazarus Group. This is the same wallet address that Sky Mavis, founder of Axie Infinity, identified as the Ronin attacker in late March.

Elliptic and Chainalysis, both blockchain analytics organizations, have confirmed that the US Treasury’s wallet address is identical to the one used in the Ronin hack.

North Korean Hacker Identified

“Through our investigation, we were able to identify that Lazarus Group and APT38, two cyber actors linked to the Democratic People’s Republic of Korea, are responsible for the theft of $620 million in Ethereum reported on March 29,” the FBI said in a news statement.

According to a Ronin statement, the network aims to deliver a “complete post mortem” detailing security measures implemented and next steps by the end of the month.

Related Article | Elon Musk Dangles $43 Billion For Twitter Buyout – A ‘Hostile’ Takeover?

One Of The Biggest Hacks

The March hack of Blockchain project Ronin was one of the largest in the crypto world’s history, raising serious concerns about security in a sector that has only lately gained popular attention because of celebrity endorsements and prospects of unlimited fortune.

Lazarus gained notoriety in 2014 when it was accused of hacking Sony Pictures Entertainment in retaliation for the satirical film “The Interview,” which insulted North Korean leader Kim Jong Un.

Additionally, it has been accused of being involved in the “WannaCry” ransomware attacks and compromising foreign banks and consumer accounts.

BTC total market cap at $755.14 billion on the daily chart | Source: TradingView.com

NoKor Ramping Up Cybercrime Activities

According to a Treasury Department spokesperson:

“The United States is aware that the DPRK has increasingly relied on illegal activities – including cybercrime – to fund its weapons of mass destruction and ballistic missile programs in order to defy stringent United States and United Nations sanctions.”

Related Article | Indian Crypto Investors In Panic Mode As Bitcoin Exchanges Deactivate Deposits

Axie Infinity’s Popularity In SE Asia

Axie Infinity has gained prominence in Southeast Asian nations such as the Philippines as part of the “play to earn” trend, which allows users to earn cryptocurrencies by playing games.

Dedicated players are already making thousands of dollars every month playing Axie, and the site has developed rapidly, reaching nearly 2 million active users in August.

Around 40% of today’s Axie players are located in the Philippines.

Sky Mavis has committed to reimbursing the stolen payments and just recently raised $150 million from a consortium of investors led by cryptocurrency platform Binance.

Featured image from Ars Technica, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

BlockFi

BlockFi Administrator, DOJ Agree To End $35 Million Lawsuit — Details

4 hours ago
Crypto

Indicted Crypto Founder Seeks Pardon From US President Trump

19 hours ago
Bitcoin

Grayscale Responds To SEC Decision To Delay GDLC ETF Debut

1 day ago
Crypto Market Reacts As Powell Resignation Rumors Spread: Fannie Mae Chairman Says 'Economy Will Boom'

Crypto Market Reacts As Powell Resignation Rumors Spread: Fannie Mae Chair Says ‘Economy Will Boom’

1 day ago
crypto, tax

US Treasury Officially Removes Controversial Biden-Era Crypto Broker Reporting Rules

1 day ago
SharpLink Buys 10,000 ETH From Ethereum Foundation — What Are They Planning?

SharpLink Buys 10,000 ETH From Ethereum Foundation — What Are They Planning?

1 day ago
Please login to join discussion

Premium Sponsors

Press Releases

  • Earn $3,500 a day – Start a Dogecoin Miner Using...

    13 minutes ago
  • [Profitable formula] DOGE + Bitcoin mining machine =...

    5 hours ago
  • Start a mining machine with XRP and earn $9999 per day!

    9 hours ago
  • Start a mining machine with XRP and make $9,141 a day!

    11 hours ago
  • Start Bitcoin Mining Machines with “King of...

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.