United

2024

Ronin

Axie Infinity

Cyber

The Norwegian government, through Økokrim, has successfully frozen and restored $5.7 million in stolen assets linked to the Ronin Bridge cyber attack. This significant achievement marks a pivotal moment in the ongoing efforts to combat digital crime impacting virtual economies such as Axie Infinity and Ronin. 
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 Today we received some exciting news from the Norwegian government and Økokrim. The Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim) has successfully frozen and returned 5.7 M USD in stolen assets from the Ronin bridge…— Sky Mavis (@SkyMavisHQ) <a href="https://twitter.com/SkyMavisHQ/status/1799026039454409004?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 7, 2024</a>
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The recovery process hailed as a cooperative triumph, involved meticulous coordination among international law enforcement agencies, legal experts, financial analysts, and blockchain forensic teams, notably Chainalysis.&nbsp; 
The collaborative efforts spanned jurisdictions, with Økokrim and the FBI in the United States playing crucial roles in tracing and reclaiming the stolen funds. 
Allocation and Future Steps 
15% of the money that is recovered will go into paying for recovery costs, highlighting the significant resources and experience needed for these kinds of operations. The remaining 85% will be deposited into the Axie Infinity treasury, safeguarding community interests and reinforcing resilience against future threats. 
Moreover, authorities have also frozen an additional $40 million in separate assets associated with the same incident. While efforts are underway to recover these funds, specific timelines for their return remain undetermined, highlighting the complexities involved in restoring stolen digital assets. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/06/05/crypto-companies-targeted-in-supply-chain-email-attack/" target="_blank" rel="noreferrer noopener">Crypto Companies Targeted in Supply Chain Email Attack</a> 
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Norwegian Government Recovers $5.7M in Ronin Bridge Cyber Attack

The Crypto Times

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