On June 23, 2022, Harmony Bridge was the victim of an attack that cost them approximately $100 million.
Recent reports suggest that North Korea’s infamous hacker organization… The Lazar Group may be responsible for the attack. Additionally, the group has been accused of moving funds across multiple exchanges.
The Lazarus Group is linked to the Harmony Bridge Hack.
The hacker group has previously been linked to other network breaches over the years, costing more than $2 billion. Moreover, the group’s name was revealed in June 2022 in connection with the Harmony attack.
About a week ago, Lazarus Group 41,000 were transferred. ETH ($63.5 million). Prior to this, hackers used to make transactions on Tornado Cash earlier. Banned This time, the transfer was done by Railgun for its privacy and anonymity provisions.
According to recent updates, the hackers allegedly made various transactions and transferred funds to exchanges like Binance, Hobi and OKX. Funds were quickly replaced. BTC and withdrawn from the exchange upon transfer.
A tweet from ZachXBT on January 13 showed transfers involving 350,000 separate wallet addresses. In another tweet on January 18, he said hackers had withdrawn at least $26.4 million from Huobi.
The funds were then pooled in bitcoin mixers, stolen funds from China, and sent to exchanges. The spy also gave an example of hackers chain-hopping funds from Bitcoin, Avalanche, Ethereum, BitTorrent, and Tron.
Binance CEO Responds to Hack Claims
Changpeng Zhao took to Twitter to address the claims. He admitted that the hacker group had tried to launder money through Binance before. He also said that Binance and Huobi came together after detecting the movement of funds. Fortunately, they were able to freeze the transfers and recover the funds before it was too late.
Additionally, CZ reported a total recovery of 124 BTC, indicating that the hackers had converted funds from ETH to BTC. The Lazarus group has successfully transferred as ETH, but the tokens were likely converted to BTC during the consolidation process.
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