Close Menu
    Trending
    • What Crypto to Buy as Bitcoin Reached a New All-Time High at $112,017?
    • The Future of Ecosystem Development at the EF
    • Anonymous Nostr DMs And Encrypted Group Chat
    • GameSquare Completes $5 Million Ethereum Purchase as Part of $100 Million Treasury Strategy
    • Remittix Dominates Payments and Presale with PayFi
    • ‘Real’ Crypto Bull Run Just Beginning, Says Analyst—Here’s Why
    • KULR Expands Bitcoin Mining Operations To 750 PH/s, Targets 1.25 EH/s By Late Summer
    • Veteran Trader Peter Brandt Is Long on Bitcoin (BTC), But There’s a Catch
    Simon Crypto
    • Home
    • Crypto Market Trends
    • Bitcoin News
    • Crypto Mining
    • Cryptocurrency
    • Blockchain
    • More
      • Altcoins
      • Ethereum
    Simon Crypto
    Home»Ethereum»Greece recovers part of funds stolen in Bybit hack as its first crypto asset seizure
    Ethereum

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

    Team_SimonCryptoBy Team_SimonCryptoJuly 10, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Nemo

    Greek authorities carried out the nation’s first-ever crypto seizure after tracing funds linked to the record-breaking $1.4 billion hack of crypto alternate Bybit earlier this 12 months.

    The Hellenic Anti-Cash Laundering Authority issued a freezing order on a suspect pockets following a months-long investigation aided by blockchain analytics agency Chainalysis.

    The operation focused funds allegedly stolen in February’s Bybit breach, which has been broadly attributed to North Korea’s Lazarus Group.

    The Bybit hack, which ranks among the many largest crypto exchange breaches in historical past, noticed attackers exploit vulnerabilities within the platform’s non-public key administration methods to empty roughly $1.4 billion price of Ethereum (ETH).

    The stolen funds had been quickly laundered by an intricate internet of blockchain transactions designed to obscure their origins, making restoration efforts difficult for international authorities.

    The Greek seizure marked a milestone for native regulation enforcement in digital crime prevention. It was made attainable by the Authority’s strategic funding in Chainalysis Reactor in 2023, a blockchain tracing platform procured by regional accomplice Efficiency Applied sciences.

    The native expertise supplier additionally offered analysts with coaching and operational assist forward of the case. Utilizing Reactor, Greek investigators tracked suspicious crypto transactions that finally linked a suspect pockets to the unique Bybit theft.

    Officers then froze the belongings, eradicating management from illicit actors and transferring the case to prosecuting authorities for additional authorized motion.

    Kyriakos Pierrakakis, Greece’s Minister of Financial system and Finance, hailed the seizure as an illustration of contemporary instruments strengthening anti-financial crime efforts.

    Analysts stated the profitable seizure underlines how blockchain’s public ledger can help international regulation enforcement regardless of refined laundering ways employed by teams like Lazarus, which has focused crypto exchanges worldwide to fund North Korea’s weapons packages.

    Chainalysis described the case as proof that combining expertise, coaching, and worldwide cooperation can erode felony anonymity and bolster belief in digital asset markets.

    Talked about on this article



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    The Future of Ecosystem Development at the EF

    July 10, 2025

    Ethereum regains $2,700 amid lowest long/short ratio in two years and ETF cash floods

    July 10, 2025

    Rex-Osprey spot Solana ETF doubles cumulative inflows to $41M on July 8

    July 9, 2025

    Whales Scoop Up 200,000 ETH

    July 9, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Categories
    • Altcoins
    • Bitcoin News
    • Blockchain
    • Crypto Market Trends
    • Crypto Mining
    • Cryptocurrency
    • Ethereum
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    Top Posts

    On Slow and Fast Block Times

    February 16, 2025

    ad

    About us

    Welcome to SimonCrypto.in, your ultimate destination for everything crypto! Whether you’re a seasoned investor, a blockchain enthusiast, or just beginning your journey into the fascinating world of cryptocurrencies, we’re here to guide you every step of the way.

    At SimonCrypto.in, we are passionate about demystifying the complex world of digital currencies and blockchain technology. Our mission is to provide insightful, accurate, and up-to-date information to empower our readers to make informed decisions in the ever-evolving crypto space.

    Top Insights

    Consolidation Almost Over, XRP Prepares for a Big Move

    April 27, 2025

    Zero1 Labs (DEAI) Price Prediction 2025 2026 2027

    January 14, 2025

    Cardano’s Charles Hoskinson predicts Ethereum will be dead within 15 years

    April 24, 2025
    Categories
    • Altcoins
    • Bitcoin News
    • Blockchain
    • Crypto Market Trends
    • Crypto Mining
    • Cryptocurrency
    • Ethereum
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 SimonCrypto All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.