The US authorities are celebrating after grabbing about 10% of the cryptocurrency stolen by North Korean state hackers in the notorious Ronin Network heist in March.
In total, around $30m was seized as part of the digital raid – the first time ever that cryptocurrency stolen by the reclusive nation has been taken back, according to Chainalysis.
Around $618m was originally stolen from Ethereum sidechain Ronin Network, created by Vietnamese blockchain game developer Sky Mavis. This included 173,600 Ether ($592m at the time) and $25.5m in two transactions, although the price of digital currency has fluctuated since.
“We have proven that with the right blockchain analysis tools, world-class investigators and compliance professionals can collaborate to stop even the most sophisticated hackers and launderers,” said Chainalysis, which helped with the investigation.
“There is still work to be done, but this is a milestone in our efforts to make the cryptocurrency ecosystem safer.”
The...
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