Norway helps Axie Infinity recover USD $5.7 million from Ronin hack – DiarioBitcoin
By Hannah Perez
Two years after the massive hack of more than USD $600 million, Sky Mavis, the creators of Axie Infinity, said they have been able to recover part of the funds thanks to the collaboration of the Norwegian government.
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- Sky Mavis reports recovery of part of funds stolen in 2022 hack
- The creators of Axie Infinity said they have obtained help from the Norwegian government
- Ronin, an Ethereum bridge that supports gaming, was hacked for over $600 million 2 years ago
The creators of Axie Infinity They have managed to recover part of the funds lost in a massive hack that happened two years ago.
Sky Mavisthe company behind the Play-To-Earn (P2E) game, Axie Infinity, announced this Friday that it received help from Norwegian authorities to recover USD $5.7 million in cryptocurrencies that had been extracted in a bridge hack Ronin.
“The Norwegian National Authority for the Investigation and Prosecution of Economic and Environmental Crimes (Økokrim) has successfully frozen and returned $5.7 million in assets stolen from the Ronin Bridge incident“the team said in a post on x.
Ronina side chain of Ethereum which was created to support the web3 game Axie Infinitywas the victim of a hacking attack in March 2022 that resulted in the loss of more than $600 million in cryptocurrency.
The attack occurred after malicious actors took control of most of the validation nodes of Roninand remains to this day one of the most costly security breaches in the cryptocurrency space.
Shortly after the incident, US law enforcement said they had identified the group of hackers north korean, Lazarusas responsible for the attack against Ronin. Since then, Sky Mavis has been working with government authorities in several countries to recover the funds.
Sky Mavis recover funds from hacking Ronin in 2022
In today’s statement, the gaming company Blockchain publicly thanked the Norwegian government and the United States Federal Bureau of Investigation (FBI) for tracking down the funds and recovering the assets.
“We would like to publicly extend our sincere thanks to everyone who assisted in the recovery efforts, especially Økokrim and the FBI in the US, for their tireless efforts to track down and recover these assets for the Axie and Ronin communities.“added the team in the publication.
Sky Mavis He also detailed that a part of the funds will be used to cover the expenses of those who made an effort to recover them. “15% of the recovered assets will be used to cover the costs and expenses incurred by those participating in the recovery efforts. The remaining 85% of the recovered funds will be deposited in Axie Infinity’s treasury.”
He added that law enforcement authorities have so far frozen about $40 million in separate assets linked to the hack. The company has promised to get them back, but has not provided a specific timeline for the return.
Article by Hannah Estefanía Pérez / DiaryBitoin
Picture of Axie Infinity
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