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Chainalysis, a crypto analytics company, announced Thursday that it helped the U.S. recover $30 million from Axie Infinity earlier in the year.Axie was hacked by hackers earlier this year.

Chainalysis’ Erin Plante wrote in a blog that the funds were recovered by law enforcement officers. The funds were taken by Lazarus Group, an North Korean hacking organization, and were linked to numerous crypto thefts in recent years.

Law enforcement officers recover $30 Million from hackers

With the assistance of law enforcement and top organizations in the cryptocurrency sector, we were able to seize more than $30,000,000 worth of cryptocurrency that was stolen by North Korean-linked hackers,” Plante said. 

Plante stated that this is the first time cryptocurrency has ever been taken by a North Korean hacking organization.

Axie was robbed of over $600million by hackers this spring. Many proceeds were laundered through Tornado Cash, a privacy mixer. Later, the U.S. Treasury Department sanctioned Tornado Cash as facilitating money laundering.

A spokesperson for the Treasury Department did not immediately respond to a request for comment.

The post Axie Infinity’s Previous Hack of $600M Gets $30M back Thanks to The US Gov first appeared on The Daily Encrypt.



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Angie Byrd