Norway Seizes Stolen Crypto Worth $6M in Axie Infinity Hack

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• Norway’s National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim) has seized $6 million in crypto assets related to the Axie Infinity hack.
• The attack was linked to North Korean hacking group Lazarus, which has stolen millions worth of cryptocurrency.
• Økokrim’s seizure is the largest such seizure in their history, showing their commitment to tackling cybercrime.

Norway Seizes Stolen Crypto Assets Worth $6M In Axie Infinity Hack

Background

The crypto industry has been battling with issues of hacks for years back, while some platforms have recovered a few stolen funds, most have remained with the hackers. One such hack occurred in Axie Infinity and was linked to the notorious North Korean hacker group Lazarus.

Norway Agency Makes Its Biggest Seizure Of Crypto Assets

Norway’s National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim) recently seized $6 million in crypto assets related to the Axie Infinity exploit. This is the largest ever made by Økokrim, showing their commitment to tackling cybercrime. The agency has been investigating many exploits related to digital assets and works in partnership with international law enforcement agencies such as the FBI, monitoring trends of stolen funds and preventing hackers from laundering them on legitimate platforms.

Response From Norwegian Authorities

First Attorney Marianne Bender praised Økokrim’s operations, noting this is evidence of Norway’s strong stance against crypto-related crime. She also highlighted the importance for regulators to cooperate internationally on these matters, commending Norway’s cooperation with countries like the US via its partnership with the FBI.

Conclusion

The recent fund seizure by Økokrim highlights their commitment towards fighting cybercrime using blockchain technology and international collaboration between law enforcement agencies worldwide. It also sends out a strong message that cryptocurrency-related crimes will not be tolerated or go unpunished, regardless of who is behind them or where they originate from.