The US Treasury Department blames North Korean hacking group Lazarus for stealing $625 million in cryptocurrency from the Ronin network, the blockchain backing the Axie Infinity play-to-earn crypto game, according to a report from . On Thursday, the Department of Treasury updated sanctions to include the wallet address that received the funds and attributed it to the Lazarus group.
In an updated post about the incident, the Ronin network, which is owned by developer group Sky Mavis, explains the US Department of Treasury and FBI have pinned the attack on Lazarus. “We are still in the process of adding additional security measures before redeploying the Ronin Bridge to mitigate future risk,” the post reads. “We expect to deliver a full post mortem that will detail security measures put in place and next steps by the end of the month.” Ronin says it will bring its bridge back online “by the end of the month.” The bridge allows users to transfer funds between other blockchains and Axie Infinit y and has been blocked off since the attack.
