According to Deep Tide TechFlow, on July 10, CoinDesk reported that Greek authorities completed the country's first cryptocurrency seizure operation, freezing funds related to the $1.5 billion Bybit hacking incident carried out by North Korean hacker groups in February this year.
The Greek Anti-Money Laundering Authority has tracked a suspicious transaction that is linked to the initial theft, according to on-chain data. Greek Finance Minister Kyriakos Pierrakakis stated that the wallet involved is related to "a Greek platform that provides transaction services." Analysts used the Chainalysis Reactor tool to trace the flow of funds and confirmed a clear connection between the suspect user wallet and the main wallet in the Bybit hacking incident.
According to the public LazarusBounty dashboard from Bybit, approximately $72 million (5% of the stolen Ethereum) has been frozen, while around $870 million of the stolen funds remains unaccounted for. Previously, hackers transferred funds through mixers such as Wasabi and Tornado Cash, cross-chain bridges, and peer-to-peer trading platforms.
