Binance recovers $5.8M linked to Axie Infinity Hack

The recovered funds were spread over 86 accounts, Binance's founder confirmed.

Photo by Vadim Artyukhin / Unsplash

World's biggest crypto exchange Binance has recovered $5.8 million worth of stolen funds originating from last month's Axie Infinity exploit.

The funds were spread over 86 accounts, Binance founder Changpeng Zhao said in a tweet on Friday. "The DPRK hacking group started to move their Axie Infinity stolen funds today. Part of it made to Binance, spread across over 86 accounts. $5.8M has been recovered," he said.

The $625 million exploit was one of the larrgest in crypto history. U.S. security officials have tied the exploit to North Korea's "Lazarus" hacker group, as reported.

Ronin Network, the creators of the Axie Infinity bridge, said in a statement that the FBI had linked Lazarus with the validator breach and that the Treasury Department sanctioned the funds.

The exploiters used the privacy tool Tornado Cash to convert stolen funds to Ether and other cryptocurrencies.

Tracking service Etherscan shows several thousand Ether, which were tagged Ronin Bridge Exploiter, were moved in the past few days. The wallet continues to hold some $285 million worth of the asset at time of writing.


Opinions expressed at Vestorportal.com are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. Vestorportal.com does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is Vestorportal.com an investment advisor. Please note that Vestorportal.com participates in affiliate marketing.

Support us:

BTC-(BTC): bc1qrja84qhn7299lmad79ch7flnca0lyq0alp6pdv

ETH-(ERC20): 0xEC06cbAfF0261e6Da0122Ae579a641B3e2303523