What to know:
- In a stunning move, Greek authorities have executed their first-ever cryptocurrency seizure, halting a treasure trove linked to the infamous $1.5 billion Bybit hack. 🏴☠️
- The Hellenic Anti-Money Laundering Authority, in all its bureaucratic glory, issued a freezing order, effectively placing the assets under lock and key while they figure out what the heck to do next. 🔒
- As part of their grand plan to retrieve stolen riches, a meager $72 million (a mere drop in a bucket, or five percent of the stolen ether) has been frozen, while an astonishing $870 million remains as helpless as a kitten in a thunderstorm. 🐱⚡
Yes, indeed! The valiant Greek authorities have seized their first cheesy cryptocurrency, blocking the path to funds swiped during February’s audacious $1.5 billion Bybit hack. Guess who’s linked to it? Oh, just a cozy little group called North Korea’s Lazarus Group. 🥳
In a tale spun like a Greek tragedy, the Hellenic Anti-Money Laundering Authority heroically traced a fishy transaction back to a wallet, which, according to the esteemed Minister of Economy and Finance, Kyriakos Pierrakakis, belonged to some “Greek platform providing exchange services.” 🤦♂️
Analysts, resembling digital detectives, employed the mythical Chainalysis Reactor to traverse the labyrinth of funds, drawing “a definitive connection between the cryptocurrency in the suspect user’s wallet and the primary wallets used in the Bybit hack.” Wow, groundbreaking stuff, huh? 🌍🤔
This high-tech sleuthing empowered the agency to issue a freezing order, locking the digital Goldilocks before it could scamper away into the night. According to Pierrakakis, the wonders of the Hellenic Anti-Money Laundering Authority’s operations have led to about 10 million euros ($11.7 million) being returned to the victims. Whether any of this treasure is linked to our latest seizure remains a mystery akin to the Sphinx. 🦁🕵️♀️
The audacious hackers, in their crafty ways, have evaded capture in the past by sending their ill-gotten gains through mixers like Wasabi and Tornado Cash, bridging chains, and leveraging peer-to-peer shady deals. Quite the operation, huh? 🍃💸
Meanwhile, Bybit’s public LazarusBounty dashboard informs us that approximately $72 million, aka 5% of the stolen ether, has been neatly frozen, while a ‘whopping’ one-third remains traceable! Meanwhile, the other $870 million has casually “gone dark.” Typical! 🌌💰
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2025-07-09 21:39