👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

New Activity Seen On Address Linked To Ronin Network Attack

Published 05/18/2022, 09:35 AM
Updated 05/18/2022, 10:00 AM
© Reuters New Activity Seen On Address Linked To Ronin Network Attack
TWTR
-
ETH/USD
-

  • Wu Blockchain, announced on Twitter (NYSE:TWTR) on May 18 that the address related to the Ronin Network attacker has just transferred 5505.7 ETH.
  • The bridge that connects the Ronin Network to the Ethereum mainnet was exploited on March 13 2022.
  • The Treasury’s Office of Foreign Asset Control (OFAC) added the wallets linked to Lazarus to its list of sanctions.

Twitter user, Wu Blockchain, announced on Twitter on May 18 that “the address related to the Ronin Network attacker has just transferred 5505.7 ETH out.”

The user also added that “according to OKLink, the relevant address has been transferred out 7 times since May 14, with a total of 23,525.5 ETH, and transferred to Tornado Cash at 100 ETH per transaction.

The bridge that connects the Ronin Network to the Ethereum mainnet was exploited on March 13 2022, with about $622 million worth of Ethereum (ETH) and USDC stablecoin stolen in the process. Although the breach happened on March 23, it was only discovered on March 29.

On April 14 the U.S. Department of Treasury’s O ...

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.