The Treasury is updating the SDN list to allegedly link the infamous hacker group to last month’s mega heist.
The U.S. Treasury Department’s Designated Citizens and Blocked Persons (SDN) list was updated on Thursday to reflect the possibility that North Korean cybercriminal Lazarus Group was behind the Ronin Bridge hack last month. USD Coin (USDC), announced by Chainalysis on Twitter. The information was also confirmed by Ronin.
The hack, which occurred on March 23, was worth more than $600 million at the time. Discovered a few days later, this is one of the largest robberies of its kind in history. The coin comes from the role-playing game Axie Infinity developed by the Vietnamese studio Sky Mavis. The game’s developers have raised over $150 million to compensate affected users.
This story is in development and will be updated.