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Norwegian Authority Recovers Crypto Stolen in the North Korea Based Axie Heist

Civil authorities in Norway have announced this Thursday that they have recovered $5.9 million worth cryptocurrency. This enormous amount of crypto was apparently stolen in the Axie Infinity hack, largely believed to have been caused by the Lazarus Group, which as its ties to North Korea. 

According to the Norwegian National Authority of Investigation and Prosecution of Economic and Environmental Crime (Økokrim), this seizure is the largest-ever cryptocurrency-related money seizure ever made by Norway. 

“Økokrim are experts at following the money. This case shows that we are also good at following the money on the blockchain even though criminals use advanced techniques to avoid detection,” says Marianne Bender, a senior public prosecutor. 

The firm added that that it would work in collaboration with Sky Mavis, owner of Axie Infinity game in order to get the funds back to its victims. 

Axie Infinity gives players the chance to win Ethereum. Its “flagship offering,” according to Sky Mavis, is the “#1 game on Ethereum by daily, weekly, and monthly active players. 

Attackers who had access to five out of the nine private keys used by the transaction validators for Ronin Network, the Ethereum-based DeFi decentralized finance platform utilized by Sky Mavis, were able to steal $620 million in March 2022. The game, publisher describes its Ronin side chain as “a tool that allows game developers to deliver the benefits of blockchain

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