Greek authorities have carried out the nation’s first cryptocurrency seizure, blocking entry to funds lifted from February’s report $1.5 billion Bybit hack linked to North Korea’s Lazarus Group.
The Hellenic Anti‑Cash Laundering Authority traced a suspicious transaction to a pockets that on‑chain information tied to the preliminary theft. That pockets, based on Greece’s Minister of Economic system and Finance Kyriakos Pierrakakis, was tied to a “Greek platform offering alternate providers.”
Analysts, based on a weblog submit, used Chainalysis Reactor to map the move of funds to ascertain “a definitive connection between the cryptocurrency within the suspect person’s pockets and the first wallets used within the Bybit hack,” the submit provides.
The proof allowed the company to problem a freezing order, locking the property earlier than they may disappear. Per Pierrakakis, the Hellenic Anti-Cash Laundering Authority’s operations have allowed for round 10 million euros ($11.7 million) to be retuned to victims. It’s unclear whether or not any of those returns are associated to the latest seizure.
The hackers have previously moved funds by way of mixers akin to Wasabi and Twister Money, cross‑chain bridges and peer‑to‑peer desks.
Bybit’s public LazarusBounty dashboard means that about $72 million, 5% of the stolen ether, has now been frozen, whereas a 3rd stays traceable. Round $870 million stolen from Bybit have now “gone darkish,” based on the dashboard.
