Euler Exploit Takes a Dark Turn: Transfer of 100 ETH to Lazarus Group, Masterminds of the $625 Million Axie Infinity Hack

A puzzling occurrence has been observed in the cryptocurrency world. The addresses connected to a recent attack on the Euler DeFi protocol and the hack of Axie Infinity’s Ronin network from last year are engaging in activity together, and the reasons behind this interaction are currently unknown.

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A keen-eyed observer, Lookonchain, noticed on-chain data that reveals an address controlled by the entity that exploited the Euler Finance protocol just this week has transferred 100 ether (ETH) amounting to $170,515 at current rates to a wallet linked to the Lazarus Group’s Ronin network hack. The implications of this transaction are uncertain, and experts are closely monitoring any further activity from these addresses.

Euler Finance Exploiter transferred 100 $ETH to Ronin Bridge Exploiter(stole 173,600 $ETH and 25.5M $USDC).

Ronin Bridge Exploiter was listed by #OFAC as Lazarus Group – the North Korean state hacking group.

Are the two hackers the same person or was it intentional? pic.twitter.com/aPzOkSlXb6
— Lookonchain (@lookonchain) March 17, 2023

Euler Exploit Takes a Dark Turn: Transfer of 100 ETH to Lazarus Group, Masterminds of the $625 Million Axie Infinity Hack

STAY UP TO DATE — FOLLOW BLOCKCHAIN DAILY ON TWITTER: @BLCKCHAINDAILY

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