Chainalysis clearly It allegedly helped the US government seize more than $30 million from North Korean-linked hackers in the Axie Infinity (AXS) Ronin Bridge.
This thread describes how the Chainalysis Crypto Incident Response team played a role. https://t.co/lpbFUlXNJt
— Chainalysis (@chainalysis) September 8, 2022
A senior executive at blockchain analytics firm Erin Plante delivered the news and AxieCon event on September 8th.
“With the help of law enforcement and leading organizations in the cryptocurrency industry, more than $30 million in cryptocurrencies stolen by hackers linked to North Korea have been seized. Crypto stolen by North Korean hacking group. This is the first time currency has been seized and we are confident it will not be the last.”
Plante continued that malicious players have used as many as 12,000 crypto addresses to date, demonstrating highly sophisticated laundering capabilities.
Plante also noted that recent US sanctions against Tornado Cash have forced hackers to stay away from crypto mixers,Use DeFi A chain hop, or service that switches between multiple different types of cryptocurrencies in a single transaction. ”
According to Chainalysis, hackers appear to be using bridges to hide the origin of these funds.
North Korea-linked hacker group Lazarus stole more than $600 million from Axie Infinity earlier this year. The U.S. Treasury Department later licensed cryptocurrency mixer Tornado Cash for helping hackers launder stolen funds.
Meanwhile, Axie Infinity has reopened Ronin Bridge, added an extra layer of security, and issued refunds to affected users.
Axie Infinity’s AXS token surged 1.9% to $13.88 in the past hour following the announcement.