The company stated in a blog post that it was involved in the recovery along with US law enforcement agencies and other crypto organizations. The confiscations make after the exchange rate fluctuations Over the past few months, about a tenth of the funds stolen in March have been diverted from the blockchain game, according to Chainalysis.
More than a billion dollars stolen
»We estimate that groups linked to North Korea in 2022 have stolen about $1 billion in cryptocurrency from DeFi protocols so far,” the company also stated. Chainalysis was referring to decentralized financial protocols, a generic term for financial services offered on public blockchains.
To hide the money from the authorities and to exchange them for real currencies, the attackers are said to have used the Tornado Cash service, among other things. Because of the connections to North Korea, US authorities imposed sanctions on the platform in August, which mixes money flows and thus encourages money laundering. In the Netherlands a 29 year old developer of the service arrested.