The Norway police’s unit for fighting economic and environmental crimes has seized 60 million Kroner ($5.9 million) in cryptocurrency linked to the $600 million Axie Infinity hack that occurred in March 2022.
This seizure is one of the largest by the Nordic country’s Okokrim. The FBI identified the Lazarus Group of North Korea as the group behind the crypto hack, and with the help of Chainalysis, the US government was able to recover $30 million in stolen cryptocurrencies in September 2022.
The hackers used Tornado Cash to launder their money, following which the mixer was sanctioned by the US Treasury Department.
The Lazarus Group is notorious for its cybercrime and is believed to be based in North Korea, which has been at the forefront of cryptocurrency hacks in 2022, according to the latest Chainalysis report.
The report also highlights that $1.7 billion worth of cryptocurrencies were looted by hackers from North Korea, which is a major economic contribution to the country.
