Government partners, will continue to expose and combat the DPRK’s use of illicit activities-including cybercrime and cryptocurrency theft-to generate revenue for the regime." "The FBI, in coordination with Treasury and other U.S.
AXIE INFINITY REVENUE PC
"Through our investigation we were able to confirm Lazarus Group and APT38, cyber actors associated with the DPRK, are responsible for the theft of $620 million in Ethereum reported on March 29th," an FBI representative told PC Gamer. The US Treasury department pinned the heist (opens in new tab) on the North Korea-based hacker collective that calls itself Lazarus Group, and added them to its international sanctions list, saying in a statement sent to PC Gamer that this was due to the FBI identifying a digital wallet associated with the heist. Of one thing there is no doubt, and that is the hack was very real. Whatever has gone on here, it's murky in a manner that is typical of crypto: a space where tangible value is always several steps removed and, in the cases of ecosystems like that of Axie Infinity, ultimately controlled by its keepers. “The only question is what happened behind the money moving.” "We can see the money moved," Asobs says. But the 1:1 claim neglects to mention that the value of an AS token was $64 before the hack and is now trading at more like $18. It is true that, following the hack, Sky Mavis immediately raised just over $150 million in funding, some of which was earmarked to reimburse victims of the attack, and the trading suspension was only temporary. Many in the media have conveniently ignored this, as it doesn’t fit their predetermined narratives." Trung also goes on to claim that "the Bridge has been re-opened with all player funds backed 1:1. I take ownership of the security breach, and will use it as a learning experience."
My life’s work is Axie Infinity and the community we’ve created together.
In fact, the Founding Team even deposited $7.5M from a known Axie multi-sig wallet TO Ronin Network prior to the bridge closing to avoid triggering any short-sellers watching. "These accusations are baseless and false. "This story includes speculation of insider trading," writes Trung.
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