The United States seized $30 million worth of cryptocurrency stolen by North Korea-linked hackers. The news was released by blockchain data platform Chainalysis.
In a recently published blog, Erin Plante, Senior Director of Investigations, Chainalysis shed further light on the matter. He wrote that Chainalysis’ collaboration with law enforcement and leading crypto organizations has helped the authorities. Together, they could seize more than $30 million worth of cryptocurrency.
This was the cryptocurrency that was stolen from the Ronin Network by North Korean-linked hacking group, Lazarus.
Lazarus strikes hard
The Ronin Network executes transactions related to the gaming company, Axie Infinity. On 29 March 2022, the Ronin Blockchain team informed in a blogpost that it had been exploited for 173,600 ETH and 25.5 million USDC. These two transactions led to a collective loss of $625 million.
The DeFi protocol said that it was working directly with various government agencies to ensure...
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