The Norwegian government has successfully frozen and returned $5.7 million linked to a high-profile cyber-attack on the Ronin network, an Ethereum sidechain integral to the web3 game Axie Infinity.
This action underscores a growing international commitment to addressing cybercrime even in the cryptocurrency space. The funds were recovered as part of a collaborative effort involving various law enforcement and forensic entities.
Ronin Hack: International Collaboration in Cybersecurity
The Ronin network had suffered an exploit in March 2022, leading to the loss of over $600 million—the largest DeFi exploit to date.
This incident was attributed to the notorious Lazarus Group, which is believed to be associated with North Korea. The successful retrieval of stolen assets was facilitated by the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim).
The operation was a concerted effort that also included contributions from
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