Hackers in $620m crypto heist desperate to cash out
Over $425m worth of Ether was transferred out of hackers’ wallet over 16 days. They scored from a surge in prices in the following days, prompting a rush to cash out.
Source: moneyweb.co.za
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US government says $650M Axie Infinity crypto-heist was pulled by North Korea
The US Treasury department has added the North Korea-based hacker collective that calls itself Lazarus Group to its international sanctions list, saying the group was responsible for the big crypto-heist of Axie Infinity that made off with more than $600 million in March.Axie Infinity makes use of a "sidechain" called Ronin that enables users to access the Ethereum blockchain without incurring many of the standard NFT transaction fees. Essentially, the Ronin and Ethereum blockchains run in parallel, connected by a digital "bridge" that allows the movement of...
Source: pcgamer.com
US government says $650M Axie Infinity crypto-heist was pulled by North Korea
The US Treasury department has added the North Korea-based hacker collective that calls itself Lazarus Group to its international sanctions list, saying the group was responsible for the big crypto-heist of Axie Infinity that made off with more than $600 million in March.Axie Infinity makes use of a "sidechain" called Ronin that enables users to access the Ethereum blockchain without incurring many of the standard NFT transaction fees. Essentially, the Ronin and Ethereum blockchains run in parallel, connected by a digital "bridge" that allows the movement of...
Source: pcgamer.com