FBI and Chainalysis recover $30 million stolen hackers from Axie Infinity

    With the help of blockchain analysts firm Chainalysis, FBI agents seized $30 million worth of crypto stolen by the North Korean threat group Lazarus from the token-based play-to-earn game Axie Infinity. Hackers stole over $600 million from Axie earlier this year. The news was announced during the AxieCon event on Sept. 8, where the hosts…

    FBI forming crypto enforcement unit

    The US Justice Department announced on February 17 that the FBI is launching a unit for blockchain analysis and virtual asset seizure and assigned Eun Young Choi, a seasoned computer crimes prosecutor, to lead a new team, dedicated to investigating and prosecuting illicit cryptocurrency schemes. According to Reuters, in a speech at the Munich Cyber…

    Bitcoin drops steeply following FBI seizure of Colonial ransom

    Bitcoin falls again on Tuesday. The largest cryptocurrency continued to slip down all day among a massive selling out of digital currencies as investors were concerned about shifting U.S. monetary policy, continued tightening of crypto regulation in China, and doubts of the security of the cryptocurrency after the FBI had recovered most of the ransom…