US Treasury blacklisted 3 ETH addresses that allegedly linked to North Korea Hacker group

The US Treasury Department believes it has discovered new ETH wallet addresses linked to North Korea and the hacker organization Lazarus, which was responsible for the Axie Infinity hack on Ronin Network last month.


The Office of Foreign Assets Control (OFAC) of the Treasury Department added three Ethereum wallet addresses to its blacklist on Friday, which are now suspected to be related to the North Korean hacker organization Lazarus.
The US Treasury Department

The Office of Foreign Assets Control (OFAC) of the Treasury Department added three Ethereum wallet addresses to its blacklist on Friday, which are now suspected to be related to the North Korean hacker organization Lazarus. Prior to Friday's release, there was already one ETH address on the list.


The Treasury Department also stated that adding these new wallet addresses to its 'SDN Listing' is an attempt to reduce North Korea's ability to avoid US and UN sanctions.


North Korean assaults in the horizon?


Several authorities have accused the country of funding hackers who are targeting crypto ventures like Axie Infinity. According to reports, this is how North Korea supposedly generated revenue to support its military initiatives.


According to statistics from Chainalysis, North Korean hackers stole $400 million worth of cryptocurrencies in 2021. North Korea appears to prefer Ether, as ETH accounts for more than half of the stolen funds.


A specialist and DeFiance creator Arthur Cheong, who recently warned of coming North Korean attacks, these efforts to exploit and hack projects are simply the beginning.


Cheong claims that in their efforts to target crypto projects, these hackers have developed advanced ways.


He listed BlueNorOff as one of the top cybercrime outfits supported by North Korea in his Twitter thread.


With rising global tensions and the threat of utilizing crypto to avoid sanctions, the United States and its allies have increased their efforts to combat cybercrime.