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<a href="https://bitcoinworld.co.in/norwegian-government-says-it-recovered-large-amount-of-ronin-ron/" title="Norwegian Government Says It Recovered Large Amount Of Ronin (RON)" rel="noopener noreferrer nofollow"></a>
According to official statements, the Norwegian government managed to recover a significant part of the stolen amount of Ronin (RON).
The Norwegian government has successfully frozen and returned $5.7 million in funds linked to the infamous Ronin (RON) hack in 2022.&nbsp;
This vulnerability, which led to a staggering loss of over $600 million, remains the largest DeFi vulnerability in history.
Ronin, an Ethereum sidechain, was developed to support the popular play-to-win web3 game Axie Infinity (AXS) developed by <a href="https://skymavis.com" rel="noopener noreferrer nofollow">Sky Mavis</a>.&nbsp;
The funds were recovered through a coordinated effort involving law enforcement, lawyers, accountants and blockchain criminal firms such as Chainalysis.
The Norwegian National Agency for the Investigation and Prosecution of Economic and Environmental Crimes (Økokrim) played a key role in the recovery of the stolen assets.
In a recent post, Sky Mavis expressed her gratitude to everyone involved in the rescue effort, specifically mentioning Økokrim and the FBI in the USA.
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Sky Mavis confirmed that 15% of the recovered funds will be used to cover expenses, while the rest will be deposited into the Axie Infinity treasury.&nbsp;
They also stated that a separate $40 million worth of assets have been frozen by law enforcement authorities, but it may take some time for these assets to be recovered.
The <a href="https://bitcoinworld.co.in/ragnarok-enters-web3-through-ronin-and-gravity-partnership/" rel="noopener noreferrer nofollow">Ronin</a> attack, which took place in March 2022, was linked to North Korea’s Lazarus Group, which is also suspected of other notable attacks, including the $100 million Harmony bridge attack in January 2023.
&nbsp;However, Sky Mavis was unable to provide a specific timeline for the return of frozen assets at this stage.

Norwegian Government Says It Recovered Large Amount Of Ronin (RON)

ItsBitcoinWorld

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