Binance assists in recovering $3M from Harmony bridge hack

Binance assisted Huobi successful recovering 124 Bitcoin (BTC) — worthy $2.58 cardinal — from the Harmony span hacker, according to Binance CEO Changpeng Zhao (CZ).

The hacker antecedently tried to usage Binance to launder the stolen funds, but the relationship was frozen, according to CZ’s tweet.

The collaboration betwixt the 2 exchanges besides foiled the hacker’s caller attempts to usage Huobi, arsenic confirmed by Huobi’s advisor Justin Sun.

$64 cardinal connected the move

Meanwhile, on-chain sleuth ZachXBT reported connected Jan. 16 that North Korea’s Lazarus Group moved 41,000 Ethereum (ETH) — worthy $64 cardinal — from the Harmony (ONE) Bridge hack implicit the weekend.

The funds’ transportation originated successful batches of 100 ETH from OFAC-sanctioned Tornado Cash to different privateness platform, Railgun, according to the illustration shared by ZachXBT.

ZachXBT said the funds were aboriginal consolidated and deposited connected 3 unnamed exchanges.

The movements were archetypal noticed by the crypto compliance level MistTrack connected Jan. 14, tweeting that an code associated with the Harmony span exploit was connected the move.

Following a $100 cardinal Harmony span hack connected June 24, 2022, the layer-1 blockchain offered a $1 cardinal bounty for the instrumentality of the funds. Blockchain analytical steadfast Elliptic aboriginal traced the onslaught to North Korea’s Lazarus Group.

The station Binance assists successful recovering $3M from Harmony span hack appeared archetypal connected CryptoSlate.