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FBI believes North Korean hacker cell is behind last month's $600 million crypto heist

The US Treasury Department placed the Lazarus Group under sanctions for its actions.
Representation of Ethereum cryptocurrency is seen in this illustration photo taken in Sulkowice, Poland on August 12, 2021. (Photo by Jakub Porzycki/NurPhoto via Getty Images)
NurPhoto via Getty Images
Andrew Tarantola
Andrew Tarantola|@terrortola|April 14, 2022 3:02 PM

Late last month, hackers stole more than half a billion dollars worth of Ethereum from the Ronin blockchain behind play-to-earn game, Axis Infinity. On Thursday, the FBI announced that it now attributes the heist, dubbed the Ronin Validator Security Breach, to a North Korean outfit calling itself the Lazarus Group

The Ronin Network (the company behind the blockchain behind the game) updated its ongoing page regarding the cyberattack on Thursday, noting that "the Treasury Department has sanctioned the address that received the stolen funds."   

"We are still in the process of adding additional security measures before redeploying the Ronin Bridge to mitigate future risk," the company continued. "Expect the bridge to be deployed by end of month." Additionally, the Ronin Network plans to release "a full post mortem" detailing the new security measures being put in place, by the end of the month.  

FBI believes North Korean hacker cell is behind last month's $600 million crypto heist