The world’s largest cryptocurrency exchange by trade volume BinancCEO of e CZ, made a very critical statement.
What happened recently and shook the whole industry Axie Infinityof 620 million dollars value hacking now also concerns Binance.
Binance Intervention on Axie Infinity
US officials recently reported that this attack was carried out by North Korea, and everything changed after this statement.
Thus, the hacking group originating from North Korea was included in the sanctions list. Binance, on the other hand, took direct action after this event.
Binance stated that the stolen funds were mobilized and emphasized that some of it was transferred to Binance.
f to 86 different accountsStating that ten transfers have been made, Binance CEO CZ said, of $5.8 million He said he was captured. CZ emphasized that they have done this a lot for other projects before, but this time it is very important.
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 done this many times for other projects in the past too. stay #SAFU.
— CZ 🔶 Binance (@cz_binance) April 22, 2022
The Axie Infinity attack was definitely one of the most important attacks in the industry.
The discovery of the attack 7 days after it took place, caused the team to receive harsh criticism.
AXS, which switched to its own network Ronin for faster transactions, paid a heavy price for this, but the project is still ongoing and the price has not crashed as much as expected.
Now, it seems that the funds are being collected somehow and the exchanges are collaborating.