Greece freezes $1.5 billion in Bybit hacking-related funds… First virtual asset freeze action
Summary
- Greek authorities have reportedly frozen funds amounting to $1.5 billion related to the Bybit hacking incident.
- This measure marks the Greek government's first fund freeze order regarding virtual assets, and has been described as a major precedent for regulation and enforcement.
- It is expected to impact the security of global virtual asset exchanges as well as regulatory and judicial cooperation frameworks across European countries.
According to CoinDesk, a global cryptocurrency media outlet, on the 9th (local time), Greek authorities have frozen funds related to the Bybit hacking incident. The amount of frozen funds reaches approximately $1.5 billion.
This measure marks the Greek government's first fund freeze order regarding virtual assets and is seen as a significant precedent for the country's digital asset regulation and enforcement.
Notably, it is reported that of the stolen Ethereum (ETH) in this incident, about $72 million, which accounts for roughly 5%, has already been frozen. This represents a considerable portion of the total hacked assets, and the possibility of further freezes being implemented is being raised.
This case is once again raising awareness about the security of global virtual asset exchanges, and is expected to impact regulatory and judicial cooperation frameworks regarding virtual assets across European countries.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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