Norwegian police get well $5.9M stolen from Axie Infinity Ronin hack

In keeping with a press launch printed on Feb. 16 by Norway’s Nationwide Authority for Investigation and Prosecution of Financial and Environmental Crime (Økokrim), authorities have seized 60 million Norwegian Kroner ($5.85 million) in stolen cryptocurrencies linked to the Axie Infinity Ronin Bridge hack final March. In keeping with senior public prosecutor Bender, 

“Økokrim is sweet at following the path of cash. This case exhibits that we even have a fantastic capability to observe the cash on the blockchain, even when the criminals use superior strategies.”

In keeping with Bender, Økokrim labored with FBI brokers and the U.S. Division of Justice to trace the path of stolen digital belongings. “We as a society stand stronger within the combat towards digital, profit-motivated crime,” she stated, “That is cash that may help North Korea and their nuclear weapons program. It has due to this fact been necessary to trace the cryptocurrency and attempt to cease the cash once they attempt to withdraw it in bodily worth.” The U.S. Division of Justice recognized North-Korea backed Lazarus Group because the mastermind of the assault final April. 

Authorities say that Sky Mavis, creator of the Axie Infinity NFT sport and Ronin Bridge, can be notified of the seizure in order that affected customers “get the cash again to the best extent attainable.” Following a hack valued over $600 million on the time of incident, Axie Infinity reopened its Ronin bridge in June 2022 after its founders, together with exterior funding from Binance, reimbursed customers a complete of 117,600 ETH and 25.5 million USD Coin (USDC). The remaining 56,000 stolen ETH belonged to the Axie DAO Treasury and stays undercollateralized as Sky Mavis “works with legislation enforcement to get well the funds.”