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New Activity Seen On Address Linked To Ronin Network Attack

Published 05/18/2022, 09:35 AM
Updated 05/18/2022, 10:00 AM
© Reuters New Activity Seen On Address Linked To Ronin Network Attack

  • Wu Blockchain, announced on Twitter (NYSE:TWTR) on May 18 that the address related to the Ronin Network attacker has just transferred 5505.7 ETH.
  • The bridge that connects the Ronin Network to the Ethereum mainnet was exploited on March 13 2022.
  • The Treasury’s Office of Foreign Asset Control (OFAC) added the wallets linked to Lazarus to its list of sanctions.

Twitter user, Wu Blockchain, announced on Twitter on May 18 that “the address related to the Ronin Network attacker has just transferred 5505.7 ETH out.”

The user also added that “according to OKLink, the relevant address has been transferred out 7 times since May 14, with a total of 23,525.5 ETH, and transferred to Tornado Cash at 100 ETH per transaction.

The bridge that connects the Ronin Network to the Ethereum mainnet was exploited on March 13 2022, with about $622 million worth of Ethereum (ETH) and USDC stablecoin stolen in the process. Although the breach happened on March 23, it was only discovered on March 29.

On April 14 the U.S. Department of Treasury’s O ...

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