February 25, 2024
The United States has banned additional addresses linked to Oxy Infinity Hack

The United States has banned additional addresses linked to Oxy Infinity Hack

Ron’s network exploitation took place in March and $ 600 million worth of Ethereum (ETH) and $ 25 million worth of USDC were stolen.

The U.S. Treasury Office (OFAC) has approved three more Ethereum wallets linked to the latest Ronin Network hack.

The OFAC said on Friday that the new addresses were linked to the North Korean hacker group Lazarus.

OFAC added three virtual currency addresses by updating its list of Specialty Design Nationals (SDNs) released on April 22nd. All three are linked to the activities of the Lazarus Group hacker provided by the North Korean government.

Significantly, the latest movement of funds linked to the three wallets included the proceeds of research on Ron’s blockchain.

DPRK relied on illegal activities such as cybercrime to generate revenue while avoiding US and UN sanctions. Tweeted U.S. Treasury.

Company warns of designated wallet transaction addresses “Risks of exposure to US sanctions”.

OFAC Listed Wallet Addresses ‘Blocked’

Three wallets were added just days after the department linked Lazarus Group with a $ 625 million theft.

On Friday, the original address used in the attack was Tornado Cash, which transferred funds to a number of addresses – a combination service that makes it difficult to track transactions. Ethereum is a decentralized protocol that enables the personalization of transactions. Announced On April 15, it will block any cryptocurrency wallets that will be added to the OFAC list.

Tornado Cash reaffirms financial privacy “It is necessary to protect“Financial freedom. However, privacy should not be pursued” at inconsistent costs, “he added.

In a related development, Binance is said to have recovered $ 5.8 million in funds stolen during the hack. According to Binance CEO Changpeng Zhao, the hackers sent funds to 86 accounts.