{"id":24716,"date":"2022-04-22T06:43:42","date_gmt":"2022-04-22T10:43:42","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=24716"},"modified":"2022-04-22T06:43:52","modified_gmt":"2022-04-22T10:43:52","slug":"binance-seizes-5-8m-from-axie-infinity-hackers","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/binance-seizes-5-8m-from-axie-infinity-hackers\/","title":{"rendered":"Binance exchange seizes $5.8M from Axie Infinity hackers"},"content":{"rendered":"\n
Following the US authorities discovery that linked Axie infinity Ronin hack to North Korea Lazarus group hackers,<\/a> Binance CEO announced that the exchange has seized $5.8M from the hackers.<\/h5>\n\n\n\n
\"Binance<\/figure>\n\n\n\n

Changpeng “CZ” Zhao, CEO of the Binance cryptocurrency exchange, announced that his team was able to recover $5.8 million from North Korean hackers who stole $600 million from the Axie Infinity play-to-win game\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> last month.<\/p>\n\n\n\n

The hackers were identified as the Lazarus Group, a North Korean outfit linked to the regime, by US officials after the theft.<\/p>\n\n\n\n

CZ stated today on Twitter that it was able to recover $5.8 million from hackers who had transferred a portion of the stolen assets to Binance <\/a>and dispersed it across 86 user accounts. He didn't specify who owned the user accounts.<\/p>\n\n\n\n

\n

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<\/use><\/svg><\/span><\/a>.<\/p>— CZ \ud83d\udd36 BNB (@cz_binance) April 22, 2022<\/use><\/svg><\/span><\/a><\/blockquote>

PeckShield<\/a>, a security firm, said earlier this month that the hackers used Tornado Cash, an Ethereum mixer protocol that obfuscates transactions, to launder 7.5 percent of the stolen funds.<\/p>\n\n\n\n

The hackers' focus may have switched to using controlled exchanges like Binance to convert the stolen assets into fiat money.<\/p>\n\n\n\n

The Axie team earlier stated that it was working closely with cryptocurrency exchanges to locate the monies that had been stolen.<\/p>\n\n\n\n

Binance led a $150 million investment round with the game's creator, Sky Mavis<\/a>, earlier this month, with the goal of reimbursing victims of the attack.<\/p>\n","protected":false},"excerpt":{"rendered":"

Following the US authorities discovery that linked Axie infinity Ronin hack to North Korea Lazarus group hackers, Binance CEO announced that the exchange has seized $5.8M from the hackers. Changpeng “CZ” Zhao, CEO of the Binance cryptocurrency exchange, announced that his team was able to recover $5.8 million from North Korean hackers who stole $600 […]<\/p>\n","protected":false},"author":12,"featured_media":24730,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[834,81],"tags":[1983,326,937,9168],"class_list":["post-24716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance","category-altcoin-news","tag-axie-infinity","tag-binance","tag-hackers","tag-lazarus-group"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/image-156.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/24716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=24716"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/24716\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/24730"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=24716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=24716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=24716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}