TL;DR:

• In their first-ever cryptocurrency seizure, the Hellenic Anti-Money Laundering Authority, with help from Chainalysis, traced and froze a portion of the funds from the record-breaking $1.5 billion Bybit exchange hack.
• This landmark success was made possible by the Authority’s strategic investment in Chainalysis Reactor in 2023, procured and supported by our local partner, Performance Technologies.
• This case highlights the power of combining cutting-edge blockchain analysis tools with expert training and international cooperation to combat global crypto crime.

The blockchain’s permanent and public ledger creates a powerful advantage for law enforcement and intelligence services. Every transaction leaves a digital trail that, with the right tools and expertise, can unravel even the most sophisticated criminal schemes. Greece’s Hellenic Anti-Money Laundering Authority recently demonstrated this principle in a landmark achievement: the country’s first-ever cryptocurrency asset freezing.

This groundbreaking operation recovered funds from one of history’s largest cyber heists, a direct result of strategic investment in cutting-edge technology and expertise. The success illustrates how public authorities can leverage blockchain transparency to effectively combat financial crime in the digital age.

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