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Fed Recovers $30 million in Stolen Crypto Thanks to Chain Analysis

A Joint Effort by the U.S. Government and Blockchain Firm Chainalysis Nearly $30 million recovered in stolen cryptocurrenciesThe effort indicates that cryptocurrencies may come under greater scrutiny and coordinated investigations between government and private institutions. Advances in blockchain analytics are key to improving security in a field where his $1.3 billion was hacked by bad actors in 2022 alone.

According to Chainalysis, $30 million has been recovered from Lazarus, a prominent hacking group believed to operate with the permission of the North Korean government (the U.S. states that the group operates under the North Korean Reconnaissance General Directorate). specifically stating that they are active). The recovered funds were part of $625 million siphoned from the popular NFT game Axie Infinity, whose Ronin sidechain was hacked earlier this year. The $30 million recovered is only 12% of the stolen crypto assets.

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