Wallet Addresses Linked to $200 Million Euler Exploit and Axie Infinity Hack Mysteriously Interact – Are North Korean Hackers Involved?

Source: Vchalup/Adobe

Wallet addresses linked to the the latest exploit of Euler Finance and previous year’s breach of Axie Infinity’s Ronin Community have proven interactions, fueling suspicions that North Korean cybercriminals could most likely be involved in the latest assault on Euler.

Blockchain facts demonstrates that an tackle controlled by Euler Finance’s hacker has sent 100 Ether ($170,515) to a wallet associated with Ronin Bridge exploiter, which is believed to be the notorious North Korean hacker team Lazarus Team.

As of now, it stays unclear if Lazarus Group is also driving the recent assault on Euler Finance, or no matter whether there is some kind of affiliation concerning the hackers and the entity that exploited Euler Finance.

Previously this 7 days, Euler Finance fell target to a flash loan assault resulting in around $200 million worth of electronic property currently being stolen from the undertaking. 

The losses transpired over 6 transactions in dai (DAI), wrapped Bitcoin (WBTC), staked Ether (sETH) and USDC, and were carried out by two attackers, crypto analytic business Meta Seluth explained at the time. 

The organization claimed that the attack is related to the deflation attack just one month in the past. The attacker applied a multichain bridge to transfer the money from the BNB Smart Chain (BSC) to Ethereum and released the assault.

Additional not too long ago, Euler Finance introduced that they have launched a $1 million reward in “the hope that this provides additional incentive for info that leads to the Euler protocol attacker’s arrest and the return of all funds extracted by the attacker.”

North Korea At the rear of Axie Infinity Hack

The hack of Axie Infinity’s Ronin blockchain saw hackers make off with about $625 million well worth of Ethereum and USDC just after they managed to get obtain to 5 of the 9 private keys held by transaction validators for Ronin Network’s cross-chain bridge. 

The US govt has claimed that the North Korean hacking group Lazarus was dependable for the heist. The Treasury Division has also sanctioned an Ethereum handle that it says acquired cash stolen in the Ronin Bridge hack.

In late 2022, a report said that hackers sponsored by the North Korean govt have stolen more than $1 billion truly worth of electronic assets considering the fact that 2017.

Extra than 50 % of that tally, or about 800 billion received ($626 million), were being stolen in 2022. Furthermore, far more than 100 billion gained ($78 million) of the complete came from South Korea.

Earlier this week, a South Korean govt official claimed North Korea’s crypto hacking marketing campaign could be impervious to global sanctions. They stated:

“The scale of North Korea’s cybercrime-similar actions indicates that the international community’s sanctions from North Korea are currently being rendered powerless.”

North Korea has consistently denied that it seeks to hack crypto and has refuted accusations surrounding the Lazarus team, which has previously been accused of masterminding the 2014 hack of Sony Pics and the 2017 Wannacry ransomware attacks.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button