Greece freezes $1.5 billion in funds related to the Crypto Assets Hacker case, has recovered $72 million.

The Greek anti-money laundering department recently implemented freezing measures for crypto assets for the first time, successfully seizing part of the funds related to the $1.5 billion hacker attack on a well-known exchange in February this year. This large-scale theft is believed to be connected to an international hacker organization. Greek law enforcement agencies used Blockchain analysis tools to trace local crypto asset trading platforms associated with the implicated wallet and quickly took action to freeze the relevant assets.

According to the latest data, approximately $72 million (accounting for 5% of the total stolen Ethereum) has been successfully frozen, but there is still as much as $870 million in stolen funds that remain unaccounted for. Investigations have found that hackers have used various mixing services and cross-chain bridges to transfer these illegal proceeds, attempting to obscure the flow of funds.

The Greek Minister of Finance expressed support for this action, stating that the initiative has helped the victims recover approximately 10 million euros (equivalent to 11.7 million dollars) in losses. This marks an important step for Greece in combating crypto assets-related crimes and provides new experience for international cooperation in tackling such cross-border cyber crimes.

With the continuous development of the Crypto Assets market, how to effectively prevent and respond to large-scale Hacker attacks, as well as how to quickly recover assets after theft incidents, has become an important challenge faced by the entire industry. The successful actions of the Greek authorities undoubtedly provide valuable lessons for other countries and regions.