Feds freeze $30m in cryptocurrency stolen from Axie Infinity

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Feds freeze $30m in cryptocurrency stolen from Axie Infinity
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But the North Korean criminals are still over half a billion digicash dollars up

Federal investigators and private companies seized $30 million in cryptocurrency stolen in March by North Korean-linked APT gang Lazarus Group from a video game developer, the latest example of the growing skills of government and cybersecurity experts to track and recover such ill-gotten gains.

News of the seizure was announced this week at AxieCon, the user conference for Axie Infinity, the video game developed by Sky Mavis that allows players to win Ethereum. In March Sky Mavis saw thesteal $620 million from a decentralized finance platform used by the game and launder the bulk of it. While the money grabbed back is only a fraction of what was stolen, it shows it is increasingly difficult for cybercriminals to hide the stolen crypto from government and private investigators, according to Erin Plante, senior director of investigations at blockchain research firm Chainalysis, one of the players instrumental in tracking down and grabbing back the money.

News of the crypto recovery comes fewer than two months after the US Department of Justice and the FBI announced they had

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