Binance recovers $5.8 million stolen during the Axie Infinity hack

Binance, the world’s largest cryptocurrency exchange by trading volume, reported Friday that it had recovered $5.8 million worth of funds stolen in a recent attack on the Axie Infinity’s Ronin Network.

The exploit, which was recently linked to an address controlled by hackers from North Korea’s Lazarus Group, led to the siphoning of $625 million from Axie Infinity users.

According to Binance CEO Changepeng Zhao, the attackers started to move the stolen funds on Friday. They reportedly spread the loot across 86 accounts, with some of the money ending up on Binance.

“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,” the Binance chief tweeted Friday.

Axie Infinity developer Sky Mavis said after the Ronin Validator exploit that the company would look to reimburse all players affected by the heist.

Earlier this month, the company announced that it had raised $150 million in a funding round aimed at reimbursing all users who lost money to the hackers. The firm noted at the time that it would combine the funds from the Binance-led funding round with that on its balance sheet to accomplish this.

The post Binance recovers $5.8 million stolen during the Axie Infinity hack appeared first on Invezz.