NFT EveningNFT Evening

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Snoop Dogg and Eminem Drop A New Track At Apefest

    June 25, 2022

    Yuga Labs Files Lawsuit Against Ryder Ripps Bored Apes (RRBAYC) NFT

    June 25, 2022

    Italian Crypto Artist Duo Hackatao On Queens+Kings Pride Month Celebration

    June 25, 2022
    Facebook Twitter Instagram Reddit
    NFT Evening NFT Evening
    • Home
    • News
    • Crypto Art
    • Collectibles
    • Blockchain games
    • Interviews
    • Guides
    • NFT Calendar
    • NFT Conferences
    NFT EveningNFT Evening
    News

    The Ronin Bridge Exploit Was Initiated By North Korean Hackers Lazarus

    By Ross WardropApril 16, 2022Updated:April 19, 20222 Mins Read
    Share
    Twitter WhatsApp Reddit Email Facebook LinkedIn

    The US Treasury Department has come to the conclusion and alleged that the North Korean hacking group, Lazarus, is linked to the Ronin Bridge exploit which cost the Axie Infinity creators more than $600 million.

    Ronin Bridge Exploit
    Ronin Bridge was recently exploited by North Korean hackers, Lazarus.

    How they Discovered This

    As of Thursday, the Treasury Department added a specific Ethereum wallet address to its sanctions. This came after Nansen had labelled the address as one of the attackers within the Ronin Bridge exploit.

    Soon after this, Chainanalysis tweeted that this address “was involved in the Ronin hack, having received 173,600 ETH and 25.5 million USDC from the Ronin Bridge smart contract during the attack.”

    Finally, Ronin Network added to their blog to confirm the scenario. They said: “Today, the FBI attributed North Korea-based Lazarus Group to the Ronin Validator Security Breach”.

    Ronin has also mentioned that a full “post-mortem” will take place at a later date.

    Details on the Ronin Bridge Exploit

    Recently, Ronin’s bridge platform was hacked for a total of roughly $625 million. Immediately, no one had any idea who was responsible for the hack. But now it has been alleged that it was the Lazarus group who were responsible.

    Since the hack, Sky Mavis, the creator behind the top play-to-earn game, Axie Infinity, has paid back $450 million out of its own pocket to users who lost their money. The company was worth around $3 billion at its peak, in Q3/Q4 of last year.

    The fact that there’s been an official Government response is a good step forward in the process of resolving the case. Now, we are unsure of what will happen to go into the future.

    The Lazarus group is infamous for its hacks, and its involvement with the North Korean State. The FBI has labelled the group as a “North Korean state-sponsored hacking organisation”. In the past, it’s been reported that they have hacked Sony pictures, Bangladesh Banks and various other cryptocurrency attacks. Now, the Ronin Bridge exploit is just their latest.


    Are you tired of missing important NFT drops?

    Check out our NFT Calendar!

    Receive the biggest NFT news of the day & recommendations in our Daily newsletter. 

    • All of our news is being sent daily on Telegram
    • We summarize the biggest news daily on Twitter & Instagram 
    • Learn with video tutorials and subscribe to our Youtube Channel 

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    axie infinity hack blockchain hack nft hack ronin ronin blockchain ronin bridge ronin chain
    Share. Facebook Twitter Pinterest LinkedIn Email Reddit WhatsApp
    Ross Wardrop
    • Twitter
    • Instagram

    A multimedia journalist and social media manager based out of Glasgow, Scotland. Massive interest in sports, specifically basketball and football.

    More great NFT Evening content:

    Snoop Dogg and Eminem Drop A New Track At Apefest

    June 25, 2022 News

    Yuga Labs Files Lawsuit Against Ryder Ripps Bored Apes (RRBAYC) NFT

    June 25, 2022 News

    Jay Chou x Paris Saint-Germain Tiger Champs NFT: What You Should Know

    June 24, 2022 News

    What you missed at the Steve Aoki’s Goblintown NFT NYC Party

    June 24, 2022 News
    Latests NFT News

    Snoop Dogg and Eminem Drop A New Track At Apefest

    June 25, 2022

    Yuga Labs Files Lawsuit Against Ryder Ripps Bored Apes (RRBAYC) NFT

    June 25, 2022

    Jay Chou x Paris Saint-Germain Tiger Champs NFT: What You Should Know

    June 24, 2022

    What you missed at the Steve Aoki’s Goblintown NFT NYC Party

    June 24, 2022



    • Follow @NFTevening


    By signing up, you agree to the our terms and our Privacy Policy agreement

    NFT evening is the biggest website for NFT news. We are dedicated to supporting mainstream NFT adoption by making content fun & accessible. Learn about NFT collectibles, NFT art and the best blockchain games that even let you earn free crypto! Whether you want to invest in NFTs, create NFTs or simply collect them, NFTevening is the first stop for all the NFT news you need!

    Facebook Twitter Instagram YouTube
    Article Categories
    • Blockchain games
    • Collectibles
    • Crypto Art
    • Guides
    • Interviews
    • Metaverse
    • News
    • Sponsored Content
    NFT Calendar
    • Today’s NFT Drops
    • Upcoming NFT Drops
    • Solana NFT Drops
    • NFT Calendar
    • NFT Calendar : Add Your NFT Event
    Get In Touch
    • Advertise (Media Kit)
    • Collaboration and Press Releases
    • Job Opportunities
    • About Us
    • Contact Us
    NFT Beginners Guides
    • How to Sell NFT Art
    • How to Create NFT Art
    • How to Display NFT Art
    • How To Make Passive Income With NFTs
    • Best Crypto Wallet
    • Best NFT Coins
    • Best NFT Rarity Tools
    • What is a DAO ?
    • What Are Crypto Gas Fees ?

    Type above and press Enter to search. Press Esc to cancel.