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Onchain Researchers Discover $63M in Ethereum From Harmony Bridge Attack Moved, Hackers Attempt to Launder Funds on Major Exchanges – Bitcoin News

On January 15, 2023, on-chain researchers discovered that stolen funds were moved in the Harmony Bridge attack. Suspected thieves with ties to North Korean hacking syndicate Lazarus Group moved 41,000 Ethereum worth $63.2 million at the current exchange rate.

On-Chain Researcher Tracks Ethereum Stolen from Harmony Bridge Attack, Helps Freeze Funds on Major Exchanges

On June 23rd last year, the harmony development team disclosed $100 million in cryptocurrency funds stolen from Horizon Bridge. The attackers reportedly used Multisig her wallet to control the bridge. On-Chain Researcher Zachxbt discovered The funds associated with the Horizon Bridge loss started to move after 206 days and was at 41,000. ethereum (worth $63.2 million at current exchange rates) will be transferred.

“North Korea’s Lazarus Group raised $63.5 million (about 41,000 dollars) over the weekend. ethereum) from hacking the Harmony bridge via Railgun before consolidating the funds and depositing them on three different exchanges,” Zachxbt tweeted. I was. Zachxbt added that Huobi and Binance have frozen some of the Ethereum sent to exchanges.

Binance CEO Changpeng Zhao, aka “CZ”, has confirmed that the funds have indeed been frozen. “Harmony has detected the movement of his Wan’s hacker fund” CZ I have written“They tried to launder money through Binance before, but we froze their account. to 124 Bitcoin It has recovered,” added a Binance executive.

Blockchain Intelligence Company Elliptic first linked Funding for the North Korean Lazarus Group. Lazarus Group has been accused of carrying out numerous attacks against cryptocurrency projects in recent years.that is I believed A North Korean hacking group has also revealed that they are behind the $620 million Ronin bridge attack.

Tags for this story

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What do you think about hackers moving 41,000 Ethereum on-chain to 3 major exchanges? Share your views in the comments section below.

Jamie Redman

Jamie Redman is a news lead for News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 6,000 articles for News about disruptive protocols currently emerging.

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