An on-chain investigation by SlowMists reveals that the privacy protocol ChipMixer was used by Ronin bridge hackers (the Lazarus Group) to launder 3,460 BTC ( $73.2 million as per press time). In a mid-year report by blockchain security firm, SlowMist, an on-chain investigation of the Ronin hack was conducted, and mixing protocol ChipMixer was indicted as a destination for hackers on the Bitcoin network. According to the report, Axie Infinity’s Ronin bridge lost assets worth $610 million to hackers on March 29. Most of the funds were, however, laundered on the Ethereum and Bitcoin networks.
Ronin bridge Hackers used ChipMixer to launder over 73M of stolen funds
