Axie Infinity Hackers Transfer 33.5k ETH to a New Ethereum Address as the US Treasury Intensifies Sanctions

The US Treasury Intensifies Sanctions on the Ethereum Addresses used by the Axie Infinity Hackers

The move of 33.568k ETH from the original Ethereum address used to carry out the Ronin Network exploit comes in the wake of the US Treasury intensifying sanctions against addresses linked to the hack.

At the time of writing, the Office of Foreign Assets Control at the US Department of the Treasury has identified and sanctioned the following ETH address linked to the state-sponsored North Korean hacker group, Lazarus. The latter has been directly related to the event.

Address – ETH 0x098B716B8Aaf21512996dC57EB0615e2383E2f96

Address – ETH 0x098B716B8Aaf21512996dC57EB0615e2383E2f96

Address – ETH 0xa0e1c89Ef1a489c9C7dE96311eD5Ce5D32c20E4B

Address – ETH 0x3Cffd56B47B7b41c56258D9C7731ABaDc360E073

Address – ETH 0x53b6936513e738f44FB50d2b9476730C0Ab3Bfc1

Chances are that the address now holding 33.568k ETH (0x35fB6f6DB4fb05e6A4cE86f2C93691425626d4b1) will soon be added to the list in the days to follow.

Ethereum Mixer, Tornado Cash, Adheres to Sanctions

Every since the hack happened in late March, the perpetrators of the Axie Infinity hack have been successfully using the popular Ethereum mixer of Tornado Cash to launder their ill-gotten wealth. The team at PeckShield has been actively tracking the movement of funds from a majority of Ethereum addresses linked to the hackers.

One such example can be found below, where 2,900 ETH was sent to Tornado Cash via an intermediary address that has yet to be added to the sanction list.

#PeckShieldAlert ~2,900 $ETH (~$8.7m) into @TornadoCash from @Ronin_Network exploiters
Intermediary address: 0xBc5639887283eaF1B8E966e0b2fa6998D2ec6404

— PeckShieldAlert (@PeckShieldAlert) April 15, 2022

The team at Tornado Cash has announced their commitment to adhere to the sanctioned list from the Office of Foreign Asset Control (OFAC) of the US Treasury. However, the question now remains whether the OFAC can keep up with the speed at which the Lazarus group is continually moving the stolen funds to new addresses.

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