Greece recovers part of funds stolen in Bybit hack as its first crypto asset seizure

Greece recovers part of funds stolen in Bybit hack as its first crypto asset seizure

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The Greek authorities implemented the first coding attack in the country after tracking the money associated with a standard penetration of $ 1.4 billion to exchange encryption Pipe Earlier this year.

The Helenik Money Laundering Agency issued a frozen order on a suspected portfolio after an investigation for a period of months with the help of Blockchar analysis company.

The process was targeted Tribes to the Lazaros group in North Korea.

Beit penetration, which ranks between The largest violations of the exchange of encryption In history, attackers are taking advantage of the weaknesses of the main management systems of the platform to drain nearly $ 1.4 billion from ETAREUM (Eth).

The stolen money was quickly washed through a complex network of Blockchain transactions designed to hide its assets, making the recovery efforts difficult for the global authorities.

Greek Nubia is a milestone for local law enforcement in the prevention of digital crime. This has become possible through the strategic investment of power in the analysis reactor in 2023, a Blockchain tracking platform purchased through regional partner performance techniques.

It also provided the local technology provider for analysts with training and operating support before the case. Using the reactor, Greek investigators tracked suspicious encryption transformers that eventually linked the suspect’s wallet with the original BYBIT.

Then the officials froze the assets, remove control from the illegal actors and transfer the case to the authorities’ trial to take other legal measures.

Kiriacos Bierakakis, Minister of Economy and Finance in Greece, praised the seizure of being evidence of modern tools that enhance the efforts of anti -financial crime.

Analysts said that a successful seizure confirms how the Blockchain General Professor’s book can help enforce global law despite the advanced laundry tactics used by groups such as Lazaros, which targeted encryption operations around the world to finance North Korea weapons programs.

Chainalysis described the issue as evidence that the combination of technology, training and international cooperation can lead to the erosion of not revealing his criminal identity and enhances confidence in the digital asset markets.

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