OFAC Update Claims Ronin Hack Is Tethered to North Korea’s Hacker Syndicate Lazarus Group

According to the U.S. Treasury and the Office of Foreign Assets Control (OFAC), the caller Ronin span hack whitethorn person been tied to the North Korean hacker syndicate called Lazarus Group. Federal instrumentality enforcement officials person tied the flagged ethereum code connected with the Ronin span exploit to the radical of hackers and added the crypto code to OFAC’s Specially Designated Nationals And Blocked Persons database (SDN).

Ronin Bridge Exploiter’s Address Added to OFAC’s SDN List

On April 14, the U.S. authorities published an OFAC SDN database update which includes the ethereum (ETH) code progressive successful the caller Ronin span exploit. Bitcoin.com News reported connected the Ronin span onslaught connected March 29, aft the protocol associated with the blockchain crippled Axie Infinity mislaid $620 cardinal successful crypto assets. To date, the Ronin span onslaught has been 1 of the largest decentralized concern (defi) exploits successful 2022.

According to the U.S. Treasury and OFAC, the ethereum address, which is already flagged connected blockchain explorers nether the sanction “Ronin span exploiters,” belongs to the North Korean hacker syndicate called Lazarus Group. The ethereum wallet holds 144,837.79 ether worthy astir $438.6 cardinal utilizing today’s ether speech rates. The recently updated SDN database explains that Lazarus Group has assorted names including the “Guardians of Peace,” “Hidden Cobra,” “Red Dot,” “Temp.Hermit,” and the “New Romantic Cyber Army Team.”

Transactions With Any SDN-Listed Crypto Addresses Are Prohibited by the US Government

OFAC has warned the public astir Lazarus Group successful the past, arsenic U.S. authorities judge the hackers person been progressive with large crypto hacks and ransomware threats. There person besides been galore research studies that analyse the North Korean hacking group’s alleged activities. The U.S. Treasury’s and OFAC’s update connected Thursday notes that the hacker syndicate is reportedly located successful the Potonggang District, Pyongyang, North Korea. Transactions with the OFAC specified ethereum code are prohibited for U.S. persons and fiscal institutions.

According to a report published by the United Nations (UN) successful March 2019, North Korea and the country’s ultimate person Kim Jong-un allegedly stockpiled astatine slightest $670 cardinal worthy of cryptocurrencies. On July 24, 2020, the U.S. Army published an investigative report that alleged North Korea has astir 6,000 cyber hackers including the notorious Lazarus Group.

What bash you deliberation astir the U.S. authorities claiming that the Ronin span hacker is associated with the infamous Lazarus Group? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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