Norwegian Police Seizes Cryptocurrency Worth $6 Million in Sky Mavis Theft Case

02/16/2023 07:24 • Tech Ticker • 127 views

It is reported that the Norwegian Economic Crime Investigation Bureau, Kokrim, seized cryptocurrency worth about 60 million Norwegian kroner (about US $6 million) in the theft of digital assets against Sky Mavis and the game Axis Infinity last year. It is reported that 750 Norwegians suffered losses in the Ronin Network case, which is the largest cryptocurrency seized by the Norwegian police.

Norwegian Economic Crime Investigation Bureau seized cryptocurrency worth about US $5 million in Ronin Network theft

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The Norwegian police seem to have made great headway in their efforts to combat cryptocurrency thefts in the country. In a recent development, it has been reported that the Norwegian Economic Crime Investigation Bureau, Kokrim, has seized cryptocurrency worth around $6 million in the theft of digital assets against Sky Mavis and the game Axis Infinity. The police have also reported that 750 Norwegians suffered losses in the Ronin Network case, which is being dubbed as the largest cryptocurrency seizure by the Norwegian police.

Cryptocurrency is a digital or virtual asset that uses encryption techniques to secure and verify transactions and control the creation of new units. It is decentralized and not controlled by any government, making it vulnerable to theft by cybercriminals. The theft of cryptocurrency has become a matter of concern for authorities worldwide, and the Norwegian police have been working diligently to curb such activities.

Sky Mavis is a blockchain game development company that has developed the game Axis Infinity. The game involves breeding and trading digital creatures called Axies. Sky Mavis had reported in November last year that it had suffered a breach in the security of its digital assets. The company is said to have lost over $1.5 million worth of cryptocurrency due to the breach.

The investigation into the theft of Sky Mavis’s digital assets led the Norwegian authorities to the Ronin Network. The Ronin Network is a decentralized exchange that facilitates the purchase and sale of cryptocurrencies. The authorities have reported that 750 Norwegians lost their investments worth millions of dollars on the platform.

With this latest seizure, the Norwegian police have made a significant dent in the activities of cybercriminals in the country. It is a massive victory for the authorities working to combat cryptocurrency theft in Norway. The seizure of $6 million worth of cryptocurrency will undoubtedly send a strong message to criminals involved in such activities.

In conclusion, the seizure of cryptocurrency worth $6 million is a significant development in the fight against cryptocurrency thefts in Norway. It highlights the efforts of the authorities to crack down on cybercriminals in the country. The title of this article, “Norwegian Police Seizes Cryptocurrency Worth $6 Million in Sky Mavis Theft Case,” and the keywords, Cryptocurrency, Theft, Sky Mavis, Ronin Network, Norwegian Police, accurately reflect the nature of the matter.

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