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U.S. Authorities Link $600m Cryptocurrency Theft to Notorious North Korean Lazarus Group


The U.S. Federal Bureau of Investigation (FBI) was able to track down the Ethereum wallet where the funds were first moved, and the U.S. Treasury Department's Office of Foreign Asset Control then announced sanctions on it.

Credit: Shutterstock

The United States has linked North Korean hacking group Lazarus to the hack of Ronin network bridge, which resulted in the theft of hundreds of millions of dollars' worth of cryptocurrencies last month.

The US Treasury Department's Office of Foreign Asset Control (OFAC) last week published an updated sanctions list, revealing Lazarus' involvement in the hack.

OFAC added an Ethereum wallet address related to the Lazarus Group to the updated filing, and according to reports, the same wallet address was used by those behind the Ronin Network hack.

From Computing (U.K.)
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