Treasury Dept. Sanctions More North Korea-Linked ETH Wallets Over $600M Ronin Hack

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NEW: The U.S. Treasury Department has identified three new Ethereum addresses used by North Korean hackers to launder proceeds of the Axie Infinity Ronin hack. realDannyNelson nikhileshde report

U.S. government officials are throwing a wider sanctions dragnet over alleged North Korean crypto wallets.

The operators of the Ronin exploit wallet, said by the FBI and OFAC to be North Korea's Lazarus hacking group, have been laundering funds by moving them from a sanctioned address to an intermediary address before sending the funds to Tornado Cash, a mixer designed to obfuscate the source and destination of funds moved through the service.

 

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