Norway Police Seize $5.9M in Stolen Crypto From Axie Infinity Hackers 

Norwegian Police have recovered $5.9 million in crypto from Axie Infinity hackers who stole $620 million in last year’s Ronin Bridge exploit.

According to the latest Økokrim press release, Norwegian police seized crypto worth 60 million NOK (approx $5.9 million) from the Axie Infinity hackers. Økokrim is the National Authority for Investigation and Prosecution of Economic and Environmental Crime in Norway.

Hackers’ Woes Deepen 

In March 2022, North Korean hackers staged one of the largest-ever crypto hacks, worth $620 million, from the Ronin Bridge sidechain of Axie Infinity. Later, the Federal Bureau of Investigation (FBI) linked the Axie Infinity Hackers to North Korea’s state-sponsored cybercrime organization, the Lazarus Group.

According to Økokrim, it is the largest crypto-seizure by Norwegian authorities. They collaborated with the FBI to recover the funds from the hackers.

State Attorney Marianne Bender said: “This is money that can support North Korea and their nuclear weapons program. It has therefore been important to track the cryptocurrency and try to stop the money when they try to withdraw it in physical values.”

The FBI has said previously that North Korea funds ballistic missiles and weapons of mass destruction programs through cryptocurrency thefts. Last week, South Korea sanctioned 11 North Korean parties, including Lazarus Group, for cryptocurrency theft.

Earlier in April 2022, Changpeng Zhao, the founder of the Binance exchange, also helped recover $5.8 million from the Axie Infinity Hackers.

Got something to say about the Lazarus group, North Korean hackers, or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or Twitter.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here

Disclaimer

BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.

Bookmark (0)
ClosePlease loginn

Related Posts

Bitcoin: The Best Performing Asset Class in Q1 2023

Bitcoin set for its best trading quarter in nearly 2-years.
The top cryptocurrency vastly outpaces stocks performance.
BTC is well placed for more gains in Q2 2023.

Bookmark (0)
ClosePlease loginn

USDC Supply Shrinks by $10 Billion in March, But Hits 6-Month High on Smart Contracts

USDC supply declined by $10 billion in March following its exposure to the US banking crisis.
However, the stablecoin use on smart contracts reached a six-month high of 42.08%.
Tether USDT is now the dominant stablecoin, accounting for over 60% of the market.

Bookmark (0)
ClosePlease loginn

Bittrex Quits US, Cites Unfavorable Regulatory Environment

Crypto exchange Bittrex said it was leaving the United States because of the regulatory environment.
The crypto company had had previous skirmishes with financial regulator in the country.
Crypto stakeholders have warned that the US regulatory landscape would force many firms out of the country.

Bookmark (0)
ClosePlease loginn

Solana overcomes FTX fiasco — SOL price gains 100% in Q1

The cryptocurrency market may have overreacted to Solana’s FTX links and its tainted boss, Sam Bankman-Fried.

Bookmark (0)
ClosePlease loginn

Elon Musk requests dismissal of $258B Dogecoin lawsuit: Report

The plaintiff’s brought up Musk’s Saturday Night Live appearance in 2021, where he portrayed “a fictitious financial expert” and called Dogecoin “a hustle,” resulting in a steep price decline minutes later.

Bookmark (0)
ClosePlease loginn

Here’s how the crypto industry is using artificial intelligence

The rise of artificial intelligence, though in its early stages, has found use cases in crypto through countless projects.

Bookmark (0)
ClosePlease loginn

Leave a Reply

Your email address will not be published. Required fields are marked *