June 6, 2023

U.S. government recovers $30 million in cryptocurrency stolen by North Korean hackers

Axie Infinity is a popular game developed by Sky Mavis that allows participants to accumulate cryptocurrency as they play. Its daily active users reached 2.7 million weekly trading volume of $214 million.this March itstolen$540 million in cryptocurrency, the attackers are believed to be from North Korea.U.S. government nowdiscloseIt seized more than $30 million worth of cryptocurrency. Analysts say this reflects both the growing capabilities of the FBI and other agencies, as well as the U.S. emphasis on thwarting North Korean hackers. Erin Plante, senior director of investigations at cryptocurrency intelligence firm Chainalysis, announced the amount seized at a conference in Barcelona on Thursday. Plante said it was one of the largest seizures by U.S. law enforcement and made it harder for North Korean hacking group Lazarus Group to secure funds.

Ewen Eagle

I am the founder of Urbantechstory, a Technology based blog. where you find all kinds of trending technology, gaming news, and much more.

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