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AS Confiscates IDR 446 Billion Crypto from Axie Infinity Theft Hacker

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The United States has seized more than $30 million in cryptocurrency stolen by North Korean hacker Lazarus from the popular online game Axie Infinity. This was revealed by crypto intelligence company Chainalysis.

The company said in a blog post that it played a role in recovery with US law enforcement and other crypto organizations, in recovering cryptocurrencies stolen by North Korean hacking groups.

The seizures represented about 10% of the total funds stolen in March from the Ronin Network, a sidechain built for the play-to-earn game Axie Infinity, Chainalysis said.

Ronin said in March hackers stole about $615 million in cryptocurrencies.

“We estimate that so far in 2022, North Korean-linked groups have stolen around US$1 billion of cryptocurrency from the DeFi protocol,” Chainalysis said.

The statement refers to a decentralized financial protocol, a general term for financial services offered on public blockchains.

Separately, the US Treasury in May approved the Blender virtual currency mixer, saying it was used in laundering proceedings for the Axie Infinity theft. The Treasury Department in April also linked Lazarus to the attack.

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