#ronin network hack

The United States Department of Treasury revealed last April 14 that “Lazarus Group” was the cybercrime gang responsible for the massive Ronin hack, and the said hacking group has been included in their sanctions list. An update from the Ronin network, the ethereum-linked sidechain created by Sky Mavis for Axie Infinity, cites the United States Department of Treasury and the Federal Bureau of Investigation (FBI) attributing the recent USD 625 million theft (in ethereum and USDC) from Axie Infinity users to the hacking group known as the Lazarus Group. The digital currency address linked to Lazarus has been reportedly involved in the Ronin Bridge hack. Sky Mavis, the company behind the ever so popular play-to-earn crypto game Axie Infinity has pledged to recover the lost funds and reimburse players after hackers stole 173,600 ether and 25.5 million USDC or about $625 million from the Ronin Blockchain Network. https://twitter.com/Psycheout86/status/1509134630687023106 Furthermore, the Ronin network had recently announced on Twitter that it is working with key stakeholders, law enforcement agencies, and major exchanges. In a bold move to support and strengthen the network’s security, Ronin has stated that they have replaced all former Sky Mavis validators and are pushing to add new validators to Ronin. Read more in our articles including "Binance recovers USD 5.8M of stolen funds linked to Axie Infinity hack" and "US Treasury links North Korea hackers to Axie Infinity $625 million heist".