Despite the increasing regulation in the industry, crimes and corruption are still being committed. Earlier today, Bloomberg reported Norway’s Norwegian police seized a total amount of 60 million kroner ($5.9 million) in cryptocurrency connected to North Korea Notorious hacking group, Lazarus.
According to the report, the obtained funds was from the stolen funds exploited from the blockchain network of the popular play-to-earn video game Axie Infinity. The report also noted that the obtained funds are the largest seized funds from the Nordic region.
Flashback To Axie Infinity Theft
Last March, Axie Infinity’s underlying blockchain Ronin in the crypto game was exploited of roughly $625 million worth of cryptocurrency which made it the second-largest attack in the developing cryptocurrency market.
Operator of Ronin and Axie Infinity, Sky Mavis, initially discovered the hack and blocked all transactions on the Ronin bridge that enables users to deposit and withdraw funds from the company’s blockchain.
Mavis claimed a partnership with law authorities to recover 173,600 ETH worth $600 million and 25.5 million USDC from the attacker. The main target behind the hack was Sky Mavis’ Ronin network, which acts as a middleman between Axie Infinity and other cryptocurrency blockchains such as Ethereum.
At the time, the team ceased activity on networks which include the enabling of players to exchange assets in the Axie Infinity realm and cash between the Ethereum and Ronin blockchains.
