Ronin hack: Despite sanctions across levels, hacker continues to cash in the loot

ambcrypto.com:

Ronin Network, a cross-bridge chain that powers Axie Infinity, underwent one of the largest exploits. This resulted in a loss of 173,600 Ethereum and 25.5 million USDC, equivalent to more than $600 million. Since the breach occurred on 23 March, the stolen funds have flowed into FTX, Huobi, and Crypto.com, which have all vowed to take actions to trace the funds.

Sky Mavis, the company behind Axie Infinity, said it would compensate online participants who lost funds during the attack.

After more than a month post the attack, the exploiter still kept moving funds from one wallet to another. The hackers cashed in 28,164 ETH out of the 173,000 ETH stolen in the Ronin Bridge attack, with a current market value of $86,128,384.73.

The attackers had initially moved over 2000 ETH ($6 million) 3 weeks ago. Now the hackers are on the move again.

The Ronin Network hacker address (0x098B7…) once again transferred 33,568 ETH to a new address as per Etherscan. The current hacker address still has about 61,253 ETH. Wu Blockchain, a famed news outlet highlighted this exodus tweet on 24 April that read:

Related link: https://t.co/kSKFVnjXLG

— Wu Blockchain (@WuBlockchain) April 24, 2022

But here’s the interesting past. The U.S Treasury has connected the theft to the North Korean hacker group Lazarus Group. Likewise, added the related Ethereum (ETH) address (0x098B716B8Aaf21512996dC57EB0615e2383E2f96) to the sanctions list.

Here’s the precise, official version: The U.S Treasury Department’s Office of Foreign Asset Control (OFAC) added a single, solitary