US Says N Korea Behind Hack; Binance Closer to Thai Business
Binance is closer to Thai business as Gulf Energy greenlights joint venture. U.S. points finger at North Korea over $600 million Ronin hack. Chainalysis says investors should keep size of crypto hacks in perspective. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
North Korea’s ‘Lazarus’ Hackers Allegedly Behind Ronin Network Exploit
The U.S. Treasury Department alleged that North Korean state-linked hacking group “Lazarus” is tied to last month’s over $600 million theft from Axie Infinity’s Ronin bridge. “The Hash” group discusses efforts made by the Office of Foreign Assets Control (OFAC) to sanction associated wallets and the use of decentralized mixers like Tornado Cash for laundering ill-gotten funds.
FBI Links North Korea to Axie Infinity Hack
CoinDesk Deputy Business Editor Danny Nelson broke the story that the more than $600 million exploit of Axie Infinity’s Ronin network was orchestrated by North Korea’s elite “Lazarus” hacker group.
US Officials Tie North Korea’s ‘Lazarus’ Hackers to $625M Crypto Theft
Axie Infinity’s Ronin blockchain suffered a massive exploit late last month.
Sky Mavis COO: $625M Axie Infinity Hack Was ‘Social Engineering’
Sky Mavis COO & Co-Founder Aleksander Larsen shares an inside perspective on the $625 million exploit of Axie Infinity’s Ronin network, explaining the circumstances that lead to the attack and the subsequent wave of financial support from Binance and venture capitalists to refund the victims. Plus, a conversation on the security of blockchain bridges, lessons learned for the overall crypto ecosystem and the launch of Axie Infinity: Origin.
Sky Mavis Raises $150M to Reimburse Axie Infinity Hack Victims
Sky Mavis, the company behind play-to-earn game Axie Infinity, has raised $150 million in an investment round led by Binance to reimburse victims of the Ronin network hack. “The Hash” group discusses the aftermath of the largest hack in DeFi history and the growing investor appetite in blockchain gaming.
Sky Mavis Raises $150M Round Led by Binance to Reimburse Ronin Attack Victims
The funds from the round along with Sky Mavis and Axie Infinity funds will be used to refund users.
DeFi Lender Inverse to Repay Clients' Funds After Suffering $15.6M Exploit
Ethereum-based decentralized finance (DeFi) lender Inverse Finance was exploited for $15.6 million worth of cryptocurrency, just days after the $625 million hack of the Ronin network. “The Hash” panel discusses the seemingly unavoidable trend of DeFi hacks and how companies like Inverse Finance are taking measures to repay their customers' lost funds.
Crypto Trends Upward Despite Axie Infinity Hack
Ledn Co-Founder & CSO Mauricio Di Bartolomeo explains why the crypto markets are trending upward as the industry reacts to the $625 million exploit of Axie Infinity’s Ronin network. Di Bartolomeo addresses other recent hacks like Badger DAO and Wormhole, while noting macro factors at play, such as the excitement surrounding the Ethereum merge to proof-of-stake.
What the $625M Axie Infinity Hack Reveals About the State of Crypto
Former CIA Agent and ZeroFox Director of Intelligence Services Adam Darrah provides an in-depth analysis regarding the exploit of Axie Infinity’s Ronin network, the largest hack in decentralized finance (DeFi) history. Darrah explains how law enforcement will use blockchain information to unmask the attackers and possible missteps they made since acquiring the funds.