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Cryptocurrencies

FBI links North Korean hackers to Axie Infinity crypto theft

Analysts warn Lazarus Group may try to launder stolen coins via Asian exchanges

Sky Mavis, the startup behind crypto game Axie Infinity, said on March 29 it was hit by a $600 million cryptocurrency heist. (Captured image from Axie Infinity website)

TOKYO -- The U.S. Federal Bureau of Investigation on Thursday linked North Korean hackers to a theft of cryptocurrency worth over $600 million from a service tied to popular crypto-based game Axie Infinity.

"Through our investigation we were able to confirm Lazarus Group and APT38, cyber actors associated with the DPRK [Democratic People's Republic of Korea], are responsible for the theft of $620 million in Ethereum reported on March 29th," the FBI said in a news release. The Democratic People's Republic of Korea is North Korea's formal name.

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