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The Guardian - US
The Guardian - US
Technology
Carly Olson

North Korea, NFTs and a hit video game: inside a $500m cryptocurrency theft

Chainalysis Ronin Bitfinex
“End users may not necessarily be cognizant of the security risks that they incur,” says Nicholas Christin.
‘End users may not necessarily be cognizant of the security risks that they incur,’ says Nicholas Christin. Photograph: alexsl/Getty Images

Late last month, hackers made off with what was then worth more than $500m from the systems of cryptocurrency network Ronin, in what is believed to be the second-largest cryptocurrency theft on record.

Ronin was a juicy target for a hacker. The blockchain project supports the wildly popular Axie Infinity video game, which with an estimated 8 million players has drawn comparisons to action-driven collecting games like Pokémon Go.

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