Norway’s law enforcement agencies seize record amount of cryptocurrencies

• In March 2022, the Lazarus group hacked the game “Axie Infinity”

• $615 million worth of cryptocurrencies stolen

• Norway’s Økokrim strike back

damage in the millions

The game Axie Infinity, which allows players to earn cryptocurrency by playing and trading avatars, was hacked in March 2022, resulting in $615 million in damages. According to the American security agency FBI, the cyber attack is attributed to the hacker groups Lazarus and APT38, which are associated with the North Korean government or could even come from North Korea. The hacker group Lazarus already made a prominent appearance in 2014 when the Sony Pictures film studio was hacked to prevent the release of the comedy film “The Interview”, in which North Korean ruler Kim Jong-un is portrayed, among other things. At that time, the hackers published internal data and personal data of employees, among other things.

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International cooperation against hackers

In the case of the Axie Infinity hack, Norwegian authorities, working closely with the FBI, have now been able to track cryptocurrency money flows, disrupting cybercriminals’ money laundering operations and stealing crypto assets worth 60 million Norwegian kroner. confiscate. The confiscated crypto funds represent a record for the Norwegian authorities: cryptocurrencies of such a high value have never been confiscated at once, at the same time according to Økokrim this is also one of the largest confiscations ever. In cooperation with the game developer Sky Mavis, the money should now flow back to the injured party.

North Korea finances nuclear program

The two hacking groups, which Alphabet cybersecurity subsidiary Mandiant suspects are directly subordinate to the North Korean intelligence services, represent a significant source of income for the North Korean government: In recent years, security experts at the United Nations and the crypto security company Chainalysis suspect that North Korean actors have in Hacking attacks can steal billions of dollars worth of cryptocurrencies and other foreign exchange. It is suspected that the funds will be used to finance, among other things, the nuclear program of the internationally isolated country.

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Image sources: Wit Olszewski / Shutterstock.com, BeeBright / Shutterstock.com

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