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Home » Binance Retrieves Stolen Funds From Axie Infinity Hack

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Binance Retrieves Stolen Funds From Axie Infinity Hack

Jesutofunmi Adeboye
Last updated: April 23, 2022 3:04 pm
By Jesutofunmi Adeboye
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Axie Infinity creators were given a breath of fresh air when Binance announced that it had recovered part of the stolen cash, giving victims a ray of optimism.
Binance Retrieves Stolen Funds From Axie Infinity Hack
Binance Retrieves Stolen Funds From Axie Infinity Hack

Binance CEO Changpeng Zhao (CZ) took to Twitter to announce that the Lazarus Group has recovered $5.8 million from 86 accounts on the exchange. As of press time, the primary wallet linked to the hackers held almost $280 million in ETH.

According to data from blockchain security firm Elliptics, hackers have been sending assets to CEXs using decentralized crypto mixers like Tornado Cash, as well as swapping a portion of the stolen USDC for Ether on DEXs.

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. We done this many times for other projects in the past too. Stay #SAFU.

— CZ 🔶 BNB (@cz_binance) April 22, 2022

DEXs and mixers are beginning to take steps to prohibit dangerous actors that seek to profit from their anonymity, thanks to attacks like Axie Infinity. TRM Labs’ blockchain intelligence is currently being used by Uniswap to screen addresses associated with criminal operations.

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