Binance Recovered $6 Million from the $620 Million Axie Infinity Hack

Axie Infinity Play-to-Earn game
Axie Infinity Play-to-Earn game

Binance, the largest cryptocurrency exchange in the world has been able to seize $6 million from a North Korean hackers group suspected to be behind the $620 million hack of Axie Infinity’s Ronin Network. 

The news was announced by Binance CEO Changpeng Zhao in a Friday post on Twitter

“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,” he wrote, referring to the Democratic People’s Republic of Korea.

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Zhao didn’t specify names attached to the 86 accounts potentially involved in the crypto heist. But last week, the US Federal Bureau of Investigation said hackers linked to the North Korea-backed Lazarus Group were behind the theft of $620 million in cryptocurrency from Axie Infinity

Axie Infinity is a blockchain-based game that allows players to earn cryptocurrencies in return for playing the game.  In late March, hackers were able to hack Axie Infinity’s blockchain project Ronin Network which allows users to exchange crypto in and out of the game.