Blockchain Data Indicates $10M Worth Of Ether From The Ronin Exploit In Rotation
2022年5月19日 - 6:00AM
NEWSBTC
More than 5,505 Ether of the Ronin Bridge exploitation seems to be
transferred through Tornado Cash, a unique privacy crypto exchange.
Blockchain data showed that the address associated with the $625
million Ronin Bridge Attack had begun transferring ether tokens
valued at over $10 million. This occurred during the Asian morning
hours. The data showed that the Ronin hacker had transferred over
5,505 ether to one unknown account this morning. Additionally, the
funds were sent from another Ethereum wallet funded by the
prominent hacker’s blockchain address. All these took place within
the early hours of Wednesday, as the funds were sent in groups of
100 ether each to the Tornado privacy crypto exchange. The Ronin
Bridge Ether Exploit Ronin Bridge is an Ethereum-based sidechain
for the play-to-earn game Axie Infinity, an NFT game. It was
created by Sky Mavis and is running both Ronin Bridge and Axie
Infinity. Related Reading | Bitcoin Market Plunges Into
Extreme Fear, How Scary Does It Get? On March 23, cybercriminals
exploited The Ronin Bridge Network, and the hackers looted over
$625 million worth of assets. The assets comprise 25.5 million USDC
and over 173,600 ether. A report on their blog revealed this data.
The platform realized the attack when one of its users couldn’t
withdraw 5,000 Ether from the Ronin Network. Then, they took to
Twitter to notify the public of the security breach on the
platform. After the hack, the Ronin Bridge temporarily shut down to
redevelop the platform. Moreover, even though attackers targeted
the hack at Ronin and Axie Infinity, the incident didn’t affect the
‘axie’ tokens. Therefore, the AXS and SLP tokens used to facilitate
transactions within the Axie Infinity game are still safe and
unaffected. Blockchain Data Reveals Ongoing Ether Fund Transfer
Within the early hours of Wednesday, Etherscan, a blockchain
tracking platform, revealed that the attackers made about 55
transactions from an address funded by the principal looter.
Currently, the wallet holds 3.45 ether, summing to $6,885.84. This
step followed the massive selling of looted ether in April when the
looters transferred over 21,000 ether via various transfers to the
Tornado exchange. The transaction was worth over $65 million then.
Tornado Privacy Crypto Exchange Tornado crypto exchange is an
advanced crypto exchange that tweaks and breaks through the
on-chain for a destination and source address. Thus, enabling
hackers to hide their addresses while illegally withdrawing looted
funds. The United States Trace the Looting to North Korean Hackers
The United States official had previously traced the looter’s
address to the “Lazarus” group, an infamous group of hackers
sponsored by the North Korean supreme leader Kim Kuk-song. Also,
Chainalysis, the blockchain tracking platform, traced and confirmed
the transaction between the North Korean Cybercriminal group.
Related Reading | New Data Shows China Still Controls 21% Of
The Global Bitcoin Mining Hashrate In a thread on Twitter, the
platform even provided proof of the Lazarus group being behind the
March exploitation. Sky Mavis Accrues $150 Million In A Funding
Round to Regain Ronin Bridge Sky Mavis, the Ronin Bridge, and the
Axie Infinity platform raised over $150 million following the
massive attack and exploitation. This effort was to regain the
Ronin Bridge platform after the previous hit. Among the list of
supporters was the world’s biggest cryptocurrency exchange Binance,
alongside other crypto entities. Featured image from Pexels, charts
from EtherScan and TradingView.com
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