Changpeng Zhao said that a portion of the looted money had been recovered by his cryptocurrency exchange, Binance.
The CEO of Binance announced earlier today that the organization has recovered roughly $6 million of the $600 million lost in the Ronin Network hack. These are some of the first funds to transfer after the issue was disclosed around a month ago.
On April 22, Changpeng Zhao said on Twitter that the hacker squad behind the biggest DeFi attack had begun moving some of the stolen money. Since a portion of it was moved to Binance and distributed across 86 accounts, the exchange disabled their access and retrieved the cash.
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
A similar case happened earlier
The CEO of Binance stated that his organization had done something similar in the past. In 2020, criminals transported funds from the theft against Eterbase to Binance and a few other exchanges, which was a similar event.
In late March, it was discovered that the Ronin Network, an EVM blockchain for P2E gaming, had been attacked in the greatest DeFi breach to date.
The attackers took 173,600 ETH and 25.5 million USDC, totalling more than $600 million at the moment. Later, the FBI verified that the attack was committed by the Lazarus Group, a cyber group funded by the North Korean government.
