How secure is Axie Infinity?

Axie Infinity, a cartoon game in which players earn cryptocurrency, was meant to be secure but exposed how powerless many countries appear to be to prevent North Korean crypto theft The North Korean hackers who infiltrated the bank’s computer network had lurked in the system for a year before executing the theft.

Is North Korea behind the AXIe Infinity hack?

The spokesperson warned that those transacting with the wallet risk exposure to U.S. sanctions. Blockchain analytics firms including Chainalysis and Elliptic said the designation confirmed that North Korea was behind the break-in. Aleksander Larsen, the co-founder of Sky Mavis, which makes Axie Infinity, declined comment.

What happened to Axie Infinity?

The bridge allows users to transfer funds between other blockchains and Axie Infinity and has been blocked off since the attack. According to a recent report , North Korean hackers launched at least seven attacks on cryptocurrency platforms last year to steal almost $400 million worth of digital assets.

Why did the FBI find a North Korea Ether Wallet?

The wallet itself — which held 148,000 ether as of Thursday — was discovered by the FBI as part of its ongoing investigation of the threat posed by North Korea and state-sponsored actors like Lazarus Group.