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Biggest crypto seizure made by Norwegian police, Seizes $5.9M From Crypto Game!

  1. Norwegian authorities seizes $5.9M from Crypto Games.

  2. FBI commented that proceedings of theft were used to support creation of weapons of mass distruction.

16 Feb 2023 By: Shikha Jha
Biggest crypto seizu

Though crimes related to digital assets cannot be traced easily, Norwegian authorities have worked wonders in figuring out one such case.

It was last year in March that hackers with a link in North Korea stole approximately $600 Million from Axie Infinity. The proceeds of the theft were redirected through privacy mixer Tornado Cash, which was afterwards authorised by the US Treasury department.

After a thorough investigation and research, authorities in Norway seized 60 million krone ($5.9 million) stolen from crypto game Axie Infinity. The economic crime unit reported this as the biggest crypto seizure by Norwegian police.

First State Attorney Marianne Bender said in a statement- "This case shows that we have a great capacity to follow the money on the blockchain, even if the criminals use advanced methods,"

It is being alleged that Crypto, worth as much as $1 Billion, was stolen last year. Teams by the names Lazarus, Andariel and Kimsuky are supposedly behind this theft. These teams are controlled by the Reconnaissance General Bureau, North Korea.

Also, read- Top 10 Crypto Entrepreneurs to follow in 2023.