First-Ever Crypto Seizure in Greece

2025-07-09 Chainalysis

https://www.chainalysis.com/blog/greece-first-ever-crypto-seizure-bybit-hack-2025/

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Greek authorities froze cryptocurrency linked to the February 2025 Bybit hack after tracing funds from a suspicious transaction back to wallets used in the roughly $1.5 billion theft, which the excerpt says is widely attributed to North Korea’s Lazarus Group. Chainalysis Reactor helped analysts visualize the laundering flow and establish the wallet connection, enabling a formal freezing order and referral to prosecutors. The case shows how blockchain analytics, trained investigators, and public-private cooperation can disrupt laundering after major DPRK-linked cryptocurrency thefts. It matters for DPRK-focused tracking because it documents asset recovery and investigative methods against proceeds from a major Lazarus-attributed exchange intrusion.

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