In a recent article, it was reported that the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim) seized $5.84 million in cryptocurrency that was stolen by Lazarus hackers. The Lazarus group, which is believed to be based in North Korea, has been linked to several high-profile cyberattacks, including the 2014 Sony Pictures hack.
The seized cryptocurrency was reportedly stolen in 2019, when hackers targeted an unnamed UK-based firm. The hackers were able to gain access to the company's systems and steal a significant amount of cryptocurrency. The stolen funds were then transferred to several different cryptocurrency wallets.
However, Økokrim was able to track and seize the stolen funds thanks to assistance from various international law enforcement agencies and blockchain analytics firms. The seized cryptocurrency will now be held by Økokrim while the investigation continues.
Overall, the seizure of the stolen cryptocurrency is a significant win for law enforcement agencies in the fight against cybercrime. It sends a message to hackers that they will not be able to get away with stealing large sums of money through cryptocurrency without consequences. Furthermore, it highlights the growing importance of blockchain analytics in helping to track and trace cryptocurrency transactions.
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