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A title related to the “Axie Infinity” hack transmits a large amount of stolen Ethereum…Details here

A title related to the “Axie Infinity” hack transmits a large amount of stolen Ethereum…Details here

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Answer A title related to the “Axie Infinity” hack transmits a large amount of stolen Ethereum…Details here

According to the dataEtherscan“, a large amount of Ethereum estimated at 5505.7 ETH (about $11 million) was transferred.

The address behind the transaction is linked to the Ronin hack that links Axie Infinity to Ethereum.

The mentioned amount was divided into seven consecutive transactions that occurred during the past week.

The vast majority of Ronin’s hacking funds were deposited into Tornado Cash, an Ethereum-based coin mixer, in order to launder the stolen funds.

In the Arab Bitcoin, we previously discussed the suffering of the “Ronin” network, which focuses on games, from a piracy process.

Read:A group of Ethereum developers infected with the Corona virus from an Ethereum conference

The Ronin network, created specifically for Axie Infinity, suffered a $625 million hack in March 2022, making it one of the largest security breaches in the history of decentralized finance and cryptocurrency.

Hackers stole large amounts of ETH and USDC.

It later emerged that the massive hack was orchestrated by the hacker group “Lazarus”, one of the world’s most famous hacking groups that allegedly operates from inside North Korea.

In early April, the “Axie Infinity” team announced that they had raised $150 million to compensate victims.

Read:The Federal Reserve prohibits its officials from trading stocks, bonds, or cryptocurrencies

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The number of individual investors in cryptocurrency decreased significantly in the first quarter of 2022 and institutions are taking the lead

Tether’s circulating supply of USDT drops by $7 billion in a week


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