U.S. seizes $30 million in cryptocurrency from North Korea-linked hackers

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Crypto intelligence firm Chainalysis said on Thursday that the United States has seized more than $30 million in cryptocurrency stolen by North Korean-linked hackers Lazarus from the popular online game Axie Infinity.

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The company said in a blog Post played a role in the recovery with US law enforcement and other crypto organizations, without naming them, in the first-ever recovery of a stolen cryptocurrency by a North Korean hacking group.

Chainalysis and North Korea’s mission to the United Nations did not immediately respond to requests for comment. The FBI did not immediately respond to a request for comment.

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Chainalysis said the seizures accounted for about 10% of the total funds stolen in March from the Ronin network, a sidechain created for the play-to-earn game Axi Infinity.

Ronin said hackers stole about $615 million in cryptocurrency in March.

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“We estimate that as of 2022, groups affiliated with North Korea have stolen approximately $1 billion worth of cryptocurrency from the DeFi protocol,” Chainalysis said. He was referring to the decentralized finance protocol, an umbrella term for financial services offered on a public blockchain.

The US Department of the Treasury approved the virtual currency mixer Blender in May, saying it was used in the laundering process for the Axi Infinity heist.

In April the Treasury Department also linked Lazarus to the attack.

Credit: www.nbcnews.com /

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