Binance’s CEO reported earlier today that the company recovered nearly $6 million out of the $600 million stolen in the hack against the Ronin Network. These are among the first funds on the move since the exploit took place roughly a month ago.
CZ took it to Twitter on April 22 to inform that the hacker group behind the largest DeFi exploit started to move some of the stolen funds. As part of it was transferred to Binance and was spread among 86 accounts, the exchange blocked their access and recovered the funds.
The DPRK hacking group started to move their Axie Infinity stolen funds today. Part of it made to Binance, spread across over 86 accounts. $5.8M has been recovered. We done this many times for other projects in the past too. Stay #SAFU.
— CZ Binance (@cz_binance) April 22, 2022
Binance’s CEO suggested that his company has done something rather similar in other situations. There was an identical incident (but a lot less stolen funds) back in 2020 when attackers sent funds to Binance and a few other exchanges from the hack against Eterbase.
CryptoPotato reported the events in late March when it became known that the Ronin Network – an EVM blockchain for P2E games – was exploited in the largest DeFi hack to date.
The attackers stole 173,600 ETH and 25.5M USDC, with the total value worth over $600 million at the time.
Later on, the FBI confirmed the initial rumors that the Lazarus Group – a hacking organization backed by the North Korean government – was behind the exploit.