Zirlin Reports $9.7M Loss in Wallet Hack
Zirlin, Axie Infinity co-founder, loses $9.7 million in Ethereum to wallet hack. Assets swapped for ETH via mixer. Ronin Bridge secure despite previous hack. Comparisons to Larsen's hack made.
![image Xu Lin](https://image.coinlive.com/24x24/cryptotwits-static/2c1d66efc5e3aabc423bd058f2ae985d.png)
Zirlin, Axie Infinity co-founder, loses $9.7 million in Ethereum to wallet hack. Assets swapped for ETH via mixer. Ronin Bridge secure despite previous hack. Comparisons to Larsen's hack made.
In a concerted effort led by Atomic Wallet, with the participation of forensic experts and centralised exchanges, a sum of $2 million suspicious deposits have been frozen.
The class-action lawsuit, a unified effort by around 50 affected investors, directs its focus on Atomic Wallet's response to the security incident.
The attackers are believed to be the infamous North Korean hacker group Lazarus, as per blockchain security firm Elliptic.
Before moving the stolen funds to Garantex, the hackers used the on-chain trading platform 1inch to exchange the assets for USDT.
Atomic Wallet has joined the growing list of hack incidents in crypto and DeFi protocols this year.
Customers of Atomic Wallet fell victim to a massive cryptocurrency heist over the weekend, resulting in the loss of millions of dollars.
Algorand Foundation responds to wallet hack, urging users to switch to more secure wallet options.
STG token's price rose 14% following news the token would be reissued in March.
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