Feds Recovered More Than $30 Million Stolen from Axie Infinity by North Korean Hackers
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Cryptocurrency intelligence firm Chainalysis announced that U.S. authorities had seized more than $30 million in cryptocurrency plundered earlier this year from an online game platform, Axie Infinity, by hackers linked to North Korea, one of the most significant successes in clawing back digital revenue from Pyongyang.
The sum recovered is far higher than previously known. It reflects the growing capabilities of the Federal Bureau of Investigation and other agencies and the priority the U.S. is giving to thwarting North Korean hackers.
In March, North Korean hackers had infiltrated part of Axie Infinity’s Ronin Network, the blockchain, or digital ledger, on which the game runs, and stole 173,600 ether and 25.5 million of the stablecoin USDC worth about $540 million at the time of the theft. Chainalysis traced the stolen fun…
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