recovers $30M stolen crypto in Ronin Bridge exploit

[{"selector":"#anim-a2ac01fb-debf-453c-a760-a93b61fa2df8","keyframes":{"opacity":[0,1]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Chainalysis on September 8 announced they have recovered $30M worth of stolen crypto out of $620M in Axie Infinity’s Ronin Bridge exploit by Lazarus, a North Korean hacking group.

[{"selector":"#anim-1bac966d-a45f-4032-9c30-30e971cccf83","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-83fb3f01-eb84-41bc-87a2-d71ed89f85ad","keyframes":{"transform":["translate3d(-114.51104%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The security firm along with the FBI worked together with blockchain experts to trace down at least 12,000 wallet addresses to cash-out points by utilizing advanced tracing techniques.

[{"selector":"#anim-2001d4e5-65f2-45cd-b4fa-5fbb4bb29bca","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The Ronin Bridge exploit is the biggest heist to ever happen committed by a North Korean hacking group. The hackers exploited 5 out of 9 validation keys on Ronin bridge to steal crypto tokens.

[{"selector":"#anim-d14ac6c8-f108-4dfe-b63b-610258318d47 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-0c6341fe-cf1c-40e9-9d4b-681d1e14899c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The Ronin bridge is actually a bridge between the Ronin network and the Ethereum blockchain. The users utilized this bridge to transfer funds from one platform to another.

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“This is the first time in history that a cryptocurrency stolen by a North Korean hacking group has been seized and we’re confident it won’t be the last,” said Eric Plante in a Chainalysis post.

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The team also shared that the hacker group was using Tornado Cash, a mixing platform, to transfer funds but the US sanctions led them to switch towards transferring via a bridge.

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recovers $30M stolen crypto in Ronin Bridge exploit

recovers $30M stolen crypto in Ronin Bridge exploit

“This is the first time in history that a cryptocurrency stolen by a North Korean hacking group has been seized and we’re confident it won’t be the last,” said Eric Plante in a Chainalysis post.

The team also shared that the hacker group was using Tornado Cash, a mixing platform, to transfer funds but the US sanctions led them to switch towards transferring via a bridge.

The team also shared that the hacker group was using Tornado Cash, a mixing platform, to transfer funds but the US sanctions led them to switch towards transferring via a bridge.

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