Nikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.

Danny is CoinDesk's deputy business editor. He owns BTC, ETH and SOL.

Crypto analytics firm Chainalysis announced Thursday it helped the U.S. government recover about $30 million stolen from online video game Axie Infinity earlier this year.

In a blog post, Erin Plante, senior director of investigations at Chainalysis, said law enforcement officials were able to recover the funds, which were stolen by Lazarus Group, a North Korean hacking entity tied to multiple crypto thefts over recent years.

"With the help of law enforcement and leading organizations in the cryptocurrency industry, more than $30 million worth of cryptocurrency stolen by North Korean-linked hackers has been seized. This marks the first time ever that cryptocurrency stolen by a North Korean hacking group has been seized, and we’re confident it won’t be the last," Plante said.

Hackers stole over $600 million from Axie this past spring, laundering many of the proceeds through privacy mixer Tornado Cash. The U.S. Treasury Department later sanctioned Tornado Cash for facilitating money laundering.

A Treasury Department spokesperson didn't immediately return a request for comment.

This is a developing story and will be updated.


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Nikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.

CoinDesk - Unknown

Danny is CoinDesk's deputy business editor. He owns BTC, ETH and SOL.

CoinDesk - Unknown

Nikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.

CoinDesk - Unknown

Danny is CoinDesk's deputy business editor. He owns BTC, ETH and SOL.

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