Binance’s CEO said this morning that the company had recovered around $6 million as a result of the Ronin Network raid. These are the first funds to be transferred since the exploit was discovered a month ago.
On April 22, CZ said on Twitter that the hacker group responsible for the largest assault on DeFi had started relocating a portion of the stolen funds. The Bitcoin exchange Binance, which received a portion of the money and divided it among 86 accounts, banned them from accessing it and got the money back.
- The CEO of Binance stated that his company had previously carried out a similar operation. In 2020, attackers used the Eterbase hack to transfer funds to the platform and some other cryptocurrency exchanges.
- The Ronin Network, an EVM blockchain used for peer-to-peer gaming, was the target of the largest DeFi breach to date, according to CryptoPotato, which reported the incident in late March.
- The criminals made off with 173,600 ETH and 25.5 million USDC, which was worth more than $600 million at the time.
- The FBI eventually discovered that the vulnerability was the work of the Lazarus Outfit, a cyber group linked to North Korean intelligence.