Wallet addresses linked to Euler Finance’s recent exploits and Axi Infinity’s Ronin Network breach last year have shown interactions, raising suspicions that North Korean cybercriminals could potentially be involved in the latest attack on Euler.
Blockchain data shows that an address controlled by hackers from Euler Finance sent 100 Ether ($170,515) to a wallet linked to the Ronin Bridge exploiter, believed to be the Lazarus Group, a notorious North Korean hacker group.
As of now, it is unclear whether Lazarus Group is also behind the recent attack on Euler Finance, or whether there is some sort of affiliation between the hackers and the entity exploiting Euler Finance.
Earlier this week, Euler Finance fell victim to a flash loan attack that resulted in nearly $200 million The value of the digital assets being stolen from the project.
Crypto analytic firm Meta Celluth said at the time that more than six transactions in Dai (DAI), Wrapped Bitcoin (WBTC), Ether (SETH) and USDC were damaged and carried out by two attackers.
The company claimed that the attack was related to the deflation attack that took place a month earlier. The attacker used a multichain bridge to transfer funds from BNB Smart Chain (BSC) to Ethereum and launched the attack.
Recently, Euler Finance announced that they “hope this provides an additional incentive for information that leads to the arrest of the Euler Protocol attacker and the return of all funds withdrawn by the attacker”. is introduced.
North Korea behind the AXI Infinity hack
Hack of AXI Infinity’s Ronin Blockchain The hackers made off with roughly $625 million worth of Ethereum and USDC after they managed to gain access to five of the nine private keys held by transaction validators for the Ronin Network’s cross-chain bridge.
the US government has Claimed that the North Korean hacking group Lazarus was responsible for the heist. The Treasury Department has also approved an Ethereum address that it says received coins stolen in the Ronin Bridge hack.
At the end of 2022, a report Said North Korean government-sponsored hackers have stolen more than $1 billion worth of digital assets since 2017.
More than half of that tally, or about 800 billion ($626 million), was predicted to be stolen in 2022. In addition, more than 100 billion won ($78 million) in total came from South Korea.
Earlier this week, a South Korean government official Claimed North Korea’s crypto hacking campaign may be impervious to international sanctions. They said:
“The scale of North Korea’s cybercrime activities shows that the international community’s sanctions against North Korea are being rendered powerless.”
North Korea has repeatedly denied it wanted to hack crypto and has rebutted allegations surrounding Lazarus Group, which has previously been accused of masterminding the 2014 hack of Sony Pictures and the 2017 WannaCry ransomware attacks Has gone.
