$600M Axie Infinity crypto-heist was pulled by North Korea

The

has added the known as Lazarus Group to its , claiming the group was responsible for the $600 million Axie Infinity crypto-heist in March.

Axie Infinity employs Ronin, a "sidechain" that allows users to access the Ethereum blockchain while avoiding many of the typical NFT

. Essentially, the Ronin and Ethereum blockchains , linked by a digital "bridge" that allows cryptocurrency to be transferred between them. Unfortunately, a weakness in that bridge allowed hackers to steal 173,600 Ethereum and 25.5 million USDC, which was worth more than $600 million. It's not the first time we've heard about Lazarus Group. According to ChainAlysis, North Korea stole at least $400 million in in 2021, the majority of which was obtained by Lazarus Group. Assuming that's correct, the Axie Infinity robbery signals a significant increase, topping the prior year's total take in a single job.

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