Changpeng Zhao (CZ), CEO of crypto exchange Binance, says his exchange has seized $5.8 million in connection with North Korean hackers, who last month stole 600 million USD from Axie Infinity.
After the theft, US authorities identified those behind the Axie Infinity hack as the Lazarus Group, an organization from North Korea.
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've done this many times for other projects in the past too. stay #SAFU.
- CZ 🔶 Binance (@cz_binance) April 22, 2022
Recently, security firm PeckShield also reported that “The hackers of the $600 million Axie Infinity heist laundered 7.5% of the stolen funds through Tornado Cash.”
“It is possible that the hacker is looking to convert stolen assets to fiat via centralized exchanges like Binance,” PeckShield added.
Axie Infinity recently said that they are working closely with crypto exchanges to track stolen funds.
Earlier this month, Binance led a funding round $150 million with Sky Mavis, which aims to refund the victims affected by the hack.