Two cryptocurrency wallet addresses linked to Jeff “Jihoz” Zirlin, a co-founder of Axie Infinity and Ronin Network, were compromised, resulting in the theft of approximately $9.7 million worth of Ether (ETH), which was transferred through Tornado Cash. The breach was flagged by PeckShield on Feb. 23, with 3,248 ETH taken from a “whale wallet” over the Ronin Bridge. Despite assertions of top-notch security on the Ronin Bridge by Aleksander Larsen, suspicions arose regarding a wallet hack. Zirlin confirmed the compromise of his personal wallets, clarifying that the Ronin chain and Sky Mavis operations were not affected. Investigations revealed that the hack was initiated by a compromised wallet, enabling unauthorized fund transfers. The stolen ETH was split and transferred to different wallets before reaching Tornado Cash to obfuscate its trail. Binance successfully froze $4.2 million of stolen XRP from the recent hack on Ripple co-founder Chris Larsen's wallet, unlike in the Axie Infinity incident where the funds were not concealed effectively. Read more AI-generated news on: https://app.chaingpt.org/news