Norwegian government freezes and returns $5.7 million connected to Ronin hack | Headlines | News | CoinMarketCap

06/07/2024 20:45
Norwegian government freezes and returns $5.7 million connected to Ronin hack | Headlines | News | CoinMarketCap

The Norwegian government has frozen and returned $5.7 million in funds connected to the $600 million Ronin exploit in 2022. Ronin is an Ethereum …

The Norwegian government has frozen and returned $5.7 million in funds connected to the $600 million Ronin exploit in 2022.

Ronin is an Ethereum sidechain built to support the play-to-earn web3 game Axie Infinity, created by developers Sky Mavis.

“The Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim) has successfully frozen and returned 5.7 M USD in stolen assets from the Ronin bridge incident,” Sky Mavis posted to X on Friday. 

The Axie Infinity web3 game creator said it required a coordinated effort among law enforcement agencies, lawyers, accountants and blockchain forensics firms like Chainalysis to recover the assets. 15% of the funds will be used to cover expenses, with the remainder deposited to the Axie Infinity …

Read more --->