Norway’s central unit for combating financial crimes has seized a number of the crypto belongings that hackers stole from the Ronin Community, an Ethereum (ETH)-linked sidechain made for the blockchain sport Axie Infinity (AXS).
In March, attackers believed to be from the North Korean cybercriminal group Lazarus group hacked the personal keys of the Ronin bridge and stole 173,600 Ethereum and 25.5 million USD Coin (USDC) value over $600 million.
In an announcement, the Økokrim (Norwegian Nationwide Authority for Investigation and Prosecution of Financial and Environmental Crime) says it seized $5.84 million of the stolen belongings in the course of the course of its investigation with crypto tracing specialists from the Federal Bureau of Investigation.
The Økokrim says it’s the largest quantity of cryptocurrency that the Norwegian police have seized thus far.
“Økokrim has over time been working to hint the proceeds from the theft. Økokrim and its worldwide companions have monitored the cash laundering course of across the clock.
This has made it doable for Økokrim to hint quite a lot of the cash and hamper the laundering course of for the hackers.”
The Økokrim says it’s going to work with Sky Mavis, the corporate behind Axie Infinity, to make sure that the recovered funds will likely be returned to the victims.
The company additionally says it’s going to proceed to trace the hackers’ cash laundering operation to forestall the stolen cryptocurrency from being transformed into fiat cash, which may very well be used to fund North Korea’s nuclear program.
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