Hack Track: Analysis of Ronin Network Exploit

2022-03-31 Merklescience

https://blog.merklescience.com/hacktrack/hack-track-analysis-of-ronin-network-exploit-merkle-science

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The source covers the Ronin Network exploit after OFAC and the FBI linked the breach to North Korea’s Lazarus Group. Ronin’s bridge was drained of 173,600 ETH and 25.5 million USDC, worth about $568 million at the time, and OFAC added the Lazarus-associated Ethereum address 0x098B716B8Aaf21512996dC57EB0615e2383E2f96 to its sanctions list. Sky Mavis said compromised Ronin and Axie DAO validator nodes let the attacker forge two withdrawals from the bridge pool. The incident shows how a small validator set and weak monitoring left a high-value crypto bridge exposed to private-key compromise.

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