Norwegian police recover $5.9M stolen from Axie Infinity Ronin hack

2 years ago

The seized funds volition beryllium utilized to reimburse affected users, and forestall it from backing North Korea's atomic weapons program.

Norwegian constabulary  retrieve  $5.9M stolen from Axie Infinity Ronin hack

Own this portion of past

Collect this nonfiction arsenic an NFT

According to a property merchandise published connected Feb. 16 by Norway's National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim), authorities person seized 60 cardinal Norwegian Kroner ($5.85 million) successful stolen cryptocurrencies linked to the Axie Infinity Ronin Bridge hack last March. According to elder nationalist authoritative Bender, 

"Økokrim is bully astatine pursuing the way of money. This lawsuit shows that we besides person a large capableness to travel the wealth connected the blockchain, adjacent if the criminals usage precocious methods."

According to Bender, Økokrim worked with FBI agents and the U.S. Department of Justice to way the way of stolen integer assets. "We arsenic a nine basal stronger successful the combat against digital, profit-motivated crime," she said, "This is wealth that tin enactment North Korea and their atomic weapons program. It has truthful been important to way the cryptocurrency and effort to halt the wealth erstwhile they effort to retreat it successful carnal value." The U.S. Department of Justice identified North-Korea backed Lazarus Group arsenic the mastermind of the onslaught past April. 

Authorities accidental that Sky Mavis, creator of the Axie Infinity NFT crippled and Ronin Bridge, volition beryllium notified of the seizure truthful that affected users "get the wealth backmost to the top grade possible." Following a hack valued implicit $600 cardinal astatine the clip of incident, Axie Infinity reopened its Ronin span successful June 2022 aft its founders, on with outer concern from Binance, reimbursed users a full of 117,600 ETH and 25.5 cardinal USD Coin (USDC). The remaining 56,000 stolen ETH belonged to the Axie DAO Treasury and remains undercollateralized arsenic Sky Mavis "works with instrumentality enforcement to retrieve the funds." 

View source