TechFlow, July 10 — According to CoinDesk, Greek authorities have completed the country's first-ever cryptocurrency seizure, freezing funds linked to the $1.5 billion Bybit hack carried out by North Korean hackers in February this year.
Greece’s anti-money laundering agency traced a suspicious transaction, with on-chain data indicating its connection to the initial theft. Kyriakos Pierrakakis, Greece’s Minister of Finance, stated that the wallet involved was associated with "a Greek platform offering trading services." Analysts used Chainalysis Reactor to track fund flows, confirming a clear link between the suspect user wallet and the main wallet used in the Bybit hack.
According to Bybit’s public LazarusBounty dashboard, approximately $72 million (about 5% of the stolen Ethereum) has been frozen so far, while around $870 million worth of stolen funds remain unaccounted for. Previously, the hackers had moved funds through mixers such as Wasabi and Tornado Cash, cross-chain bridges, and peer-to-peer trading platforms.
