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US govt agency Jumps in case of Axie Infinity exploit against North Korea

US govt agency Jumps in case of Axie Infinity exploit against North Korea 12

The United States Treasury Department mentioned three crypto addresses in its sanctions list to tighten its sanctions against North Korea.

On 23 March, a group of hackers attacked the Axie Infinity Ronin Bridge and stole around $620 million worth of crypto assets. As we can see, that hack amount is very big, so the matter is getting into the high-level discussion to catch the bad actors associated with it. 

On 22 April, the Treasury Department’s Office of Foreign Assets Control, or OFAC, added three new Ethereum addresses to its specially designed sanction list against North Korea, to restrict the sanctions. 

According to reports, such big amounts of theft is a clear indication that they are backed by either big powers or directly by government agencies. 

For the same, the US Treasury Department notified Twitter followers about this step against cybercrime.

This is not the first time when North Korean cyber criminals came on the radar of the high-level government agencies but also many times government agencies confirmed that North Korea was directly associated with huge numbers of Ransomware and cyberattacks to take payments in cryptocurrencies. 

In January of this year, Crypto analytic platform Chainalysis reported that North Korea grabbed around $400 million worth of crypto assets in only 2021 through cyberattacks like Ransomware. 

Binance seized some hacked funds 

On 22 April, Changpeng Zhao, CEO of Binance exchange, noted that hackers were trying to sell some stolen funds through Binance exchange. Exchange seized around $5.8 million successfully.

These things are showing that hackers will not be able to make money or any value with this hacked amount of crypto assets. 

Read also: Renewable sources of energy use in Bitcoin mining will push adoption

US govt agency Jumps in case of Axie Infinity exploit against North Korea


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