top of page
ad cnp.png

Norway Authorities Seized 60M Norwegian Kroner Linked To Axie Infinity Ronin Bridge Hack

Norway’s National Authority for Investigation and Prosecution of Economic and Environmental Crime (Okokrim) said that authorities have seized 60 million Norwegian kroner ($5.85 million) in stolen cryptocurrencies linked to the Axie Infinity Ronin Bridge hack in March 2022.

Marianne Bender, the Senior Public Prosecutor, said:

“Okokrim is good at following the trail of money. This case shows that we also have a great capacity to follow the money on the blockchain, even if the criminals use advanced methods.”

It has been reported that according to Bender, Okokrim worked with Federal Bureau of Investigation agents and the US Department of Justice to track the trail of stolen digital assets.

She said:

“We as a society stand stronger in the fight against digital, profit-motivated crime. This is money that can support North Korea and their nuclear weapons program. It has therefore been important to track the cryptocurrency and try to stop the money when they try to withdraw it in physical value.”

In April 2022, the US Department of Justice identified North-Korea backed Lazarus Group as the mastermind of the attack. Authorities say that Sky Mavis, creator of the Axie Infinity game and the Ronin Bridge, will be notified of the seizure so that affected users “get the money back to the greatest extent possible.”

The hack was valued at over $600 million at the time of the incident. Axie Infinity reopened its Ronin bridge in June 2022 after its founders, along with external investment from Binance, reimbursed users a total of 117,600 Ether and 25.5 million USD Coin.

Thus, the remaining 56,000 stolen ETH belonged to the Axie DAO Treasury and remains undercollateralized as Sky Mavis “works with law enforcement to recover the funds.”

Source: Cointelegraph



bottom of page