1 year ago
The crypto detectives traced funds stolen by North Korean Lazarus Group done 2 mixers and assorted networks to place 350 addresses wherever the funds stay today.
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Crypto tracking level MistTrack has followed funds taken successful the Harmony span hack and made 350 addresses associated with the onslaught public. North Korea’s state-sponsored Lazarus Group is thought to beryllium down the hack. According to a Twitter thread posted connected Jan. 23, the funds were transferred done assorted exchanges successful an effort to elude trackers.
Funds successful a fig of tokens worthy astir $100 cardinal were stolen from the Harmony bridge connected June 23, 2022, past rapidly swapped for Bitcoin (BTC), according to MistTrack, and returned to the wallet they had primitively been transferred to. The span facilitates transportation betwixt Harmony and the Ethereum network, Binance Chain and Bitcoin. Harmony offered $1 cardinal for the return of the funds, but the connection was not accepted.
Rather, the hackers, who were aboriginal identified arsenic the North Korean Lazarus Group, ran 85,700 Ether (ETH) done the Tornado Cash mixer and deposited them astatine respective addresses, wherever they remained until Jan. 13, erstwhile they were transferred to a Railgun, a privateness strategy connected Ethereum that provides anonymization. From there, they were transferred to the addresses identified.
New Updates connected the Harmony Bridge Hack
On June 23rd of 2022, the Harmony span fell unfortunate to a devastating onslaught that resulted successful a nonaccomplishment of astir $100 million.
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Other funds were transferred to the Avalanche (AVAX) blockchain, wherever they were exchanged for Tether (USDT) oregon Tron’s USDD token and yet deposited into addresses connected the Ethereum and Tron networks.
Related: ‘Nobody is holding them back’ — North Korean cyber-attack menace rises
Some advancement has been made connected recovering the stolen funds. Binance CEO Changpeng Zhao (CZ) announced via Twitter connected Jan. 15 that 121 BTC had been recovered from the Huobi speech aft Binance detected their beingness there.
Harmony proposed minting caller autochthonal ONE tokens to reimburse immoderate of the 65,000 wallets that had suffered losses from the hack, but that thought proved unpopular and alternatively it announced a program successful September to reimburse the losses retired of its treasury. In November, Harmony said it was adding 7 coins from the compromised span that were unaffected by the hack to its caller LayerZero bridge, frankincense making it imaginable for holders of the coins to determination them disconnected the network.
Additional reporting by Tom Blackstone.
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