- Greek authorities have frozen cryptocurrency obtained from a major theft, a first in the country.
- The Anti-Money Laundering Authority responded after a suspicious transaction flagged on a domestic crypto exchange.
- The case links to the Bybit hack, where Hackers stole about $1.5 billion in Ethereum.
- The Federal Bureau of Investigation (FBI) confirmed the freeze with a public alert.
- Prosecutors are now reviewing the case and the seized assets for further investigation.
Greek officials have frozen stolen digital assets tied to a recent international cryptocurrency theft, marking the first time authorities in the country have taken such action. The Anti-Money Laundering Authority acted after noticing suspicious crypto activity in June on a Greece-based platform, aiming to curb potential money laundering.
Investigators discovered that a registered local user’s Ethereum wallet had received a large volume of digital currency. Analysis later traced these funds to the Bybit hack in February, which saw approximately $1.5 billion in Ethereum stolen.
The FBI issued a public alert confirming the freeze on the digital assets. In a statement, Greek authorities clarified, “The assets identified are proceeds of crime and have now been subject to a Seizure Order.” The order covers both the suspicious wallet and its contents.
Checks revealed that the Ethereum in question originally came from the high-profile Bybit breach, which remains the largest hack in the cryptocurrency sector to date. This event surpassed the 2022 Ronin Network attack, during which approximately $620 million worth of Ethereum and the stablecoin USD Coin were stolen.
All relevant documentation on the seizure has been delivered to the national Prosecutorial Authority for further review. Officials expect this step to support ongoing efforts against digital asset-related money laundering and international theft cases.
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