The U.S. government in collaboration with blockchain analysts and FBI agents successfully seized $30 million worth of cryptocurrency stolen by the North Korean-linked hacker group ‘Lazarus’ from the popular token-based ‘play-to-earn’ game Axie Infinity earlier in the year.
The government reported this news during the AxieCon event today, where the officials highlighted it as a big achievement. The officials further appreciated and encouraged large-scale collaboration between multiple law enforcement authorities and private entities against growing cyber threats.
As per the statements made by blockchain analysts on Thursday, it’s a momentous event for law enforcement agencies as it is the first time when the agencies have successfully seized crypto tokens from the infamous Lazarus Group.
“I am proud to say that the Chainalysis Crypto Incident Response team played a role in these seizures, utilizing advanced tracing techniques to follow stolen funds to cash out points and liaising with law enforcement and industry players to quickly freeze funds”, the blog reads.
Chainalysis talked about the laundering process of the group which involves the following five stages:
This article has been indexed from CySecurity News – Latest Information Security and Hacking Incidents
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