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The Ronin Network Hack: $625 Million Stolen by North Korea’s Lazarus Group
The $625 Million Ronin / Axie Infinity Hack – How North Korea Stole a Play-to-Earn Empire Overnight
March 2022: Lazarus Group, North Korea’s elite hacking unit, uses one fake job-offer PDF to compromise the Axie Infinity Ronin bridge and quietly walks away with $625 million in ETH and USDC — the biggest hack in crypto history at the time. The money went straight to funding missile programs while Filipino and Venezuelan players who took loans against their Axies woke up broke. We go deep on the social-engineering attack, the validator compromise, the six-day delay in detection, the Binance rescue package, and how over half a billion is still being laundered today.
March 2022: Lazarus Group, North Korea’s elite hacking unit, uses one fake job-offer PDF to compromise the Axie Infinity Ronin bridge and quietly walks away with $625 million in ETH and USDC — the biggest hack in crypto history at the time. The money went straight to funding missile programs while Filipino and Venezuelan players who took loans against their Axies woke up broke. We go deep on the social-engineering attack, the validator compromise, the six-day delay in detection, the Binance rescue package, and how over half a billion is still being laundered today.
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By Bee ShelbyThe $625 Million Ronin / Axie Infinity Hack – How North Korea Stole a Play-to-Earn Empire Overnight
March 2022: Lazarus Group, North Korea’s elite hacking unit, uses one fake job-offer PDF to compromise the Axie Infinity Ronin bridge and quietly walks away with $625 million in ETH and USDC — the biggest hack in crypto history at the time. The money went straight to funding missile programs while Filipino and Venezuelan players who took loans against their Axies woke up broke. We go deep on the social-engineering attack, the validator compromise, the six-day delay in detection, the Binance rescue package, and how over half a billion is still being laundered today.
March 2022: Lazarus Group, North Korea’s elite hacking unit, uses one fake job-offer PDF to compromise the Axie Infinity Ronin bridge and quietly walks away with $625 million in ETH and USDC — the biggest hack in crypto history at the time. The money went straight to funding missile programs while Filipino and Venezuelan players who took loans against their Axies woke up broke. We go deep on the social-engineering attack, the validator compromise, the six-day delay in detection, the Binance rescue package, and how over half a billion is still being laundered today.