Security News > 2023 > February > Norway Seizes $5.84 Million in Cryptocurrency Stolen by Lazarus Hackers

Norwegian police agency Økokrim has announced the seizure of 60 million NOK worth of cryptocurrency stolen by the Lazarus Group in March 2022 following the Axie Infinity Ronin Bridge hack.

The development comes more than 10 months after the U.S. Treasury Department implicated the North Korea-backed hacking group for the theft of $620 million from the Ronin cross-chain bridge.

Then in September 2022, the U.S. government announced the recovery of more than $30 million worth of cryptocurrency, representing 10% of the stolen funds.

The development comes as crypto exchanges Binance and Huobi froze accounts containing approximately $1.4 million in digital currency that originated from the June 2022 hack of Harmony's Horizon Bridge.

What's more, there are indications that Blender - another cryptocurrency mixer that was sanctioned in May 2022 - may have resurrected as Sinbad, laundering nearly $100 million in Bitcoin from hacks attributed to the Lazarus Group, Elliptic's Tom Robinson told The Hacker News.

In the two-month period ranging from December 2022 to January 2023, the nation-state group has sent a total of 1,429.6 Bitcoin worth approximately $24.2 million to the mixer, Chainalysis revealed earlier this month.

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