The seizures represent approximately 10% of the total funds stolen from Axie Infinity.
Chainalysis explains that in response, Lazarus Group hackers switched to, perhaps ironically, laundering the stolen crypto via cross-chain bridges on legitimate decentralized finance platforms."With Chainalysis tools, these cross-chain funds movements are easily traced," the firm wrote, pointing to one transaction where hacked funds were bridged to the BNB Chain from Ethereum, then swapped for Tron's stablecoin USDD, and then finally bridged to the BitTorrent blockchain.
North-Korea-backed Lazarus Group first exploited five of the nine private keys held by transaction validators for Ronin Network's cross-chain bridge. After gaining a majority consensus, they approved two transactions for transferring 173,600 ETH and 25 million USD Coin from Ronin Bridge, draining it of assets.
Since then, Binance has managed to recover $5.8 million in funds related to the Ronin exploit. Just four months later, Ronin developers announced that
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