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On-chain analysis shows that North Korean hackers responsible for Harmony's Horizon bridge hack spent the weekend attempting to move some of the illicit funds.
The hackers behind the Harmony Bridge exploit have attempted to move an additional $27M using similar tactics as last time.
A self-styled crypto investigator going by the social media moniker ZachXBT claims that actors allied to the Democratic People's Republic of Korea (DPRK) have laundered another tranche of funds stolen last year from Harmony's Horizon Bridge.
In the aftermath of last year's attack against the cross-chain bridge provider Harmony, North Korean hackers, who are widely blamed for the incident, are believed to have just finished laundering some ETH 17,278, worth more than $27 million, according to industry observers.
Harmony's Horizon Bridge facilitates transfer between Harmony and the Ethereum network, Binance Chain and Bitcoin. The Lazarus hacking group exploited a system weakness on the multichain network, thus siphoning about $100 million.
The laundering attempt brings the total cashout attempt to about $91 million out of a total of $100 million stolen.
Over the weekend, North Korea-linked Lazarus Group laundered 17,000 ETH from the Harmony hack it conducted last year.
Three main addresses carried out transactions worth $27.18 million to six crypto exchanges.
The Harmony Bridge attackers, who stole $100 million worth of Ethereum (ETH) in June, are continuing to launder their loot.
Key Points: According to information given by on-chain detective ZachXBT, money from the infamous Harmony Bridge is moving around once more. The expert claims that DPRK recently laundered ETH from the breach worth over $18 million.
Funds from the notorious Harmony Bridge are on the move again, suggests data shared by on-chain sleuth ZachXBT. According to the analyst, DPRK just laundered almost $18 million worth of ETH from the hack.
Hackers used a privacy protocol called RAILGUN to try to conceal their transactions.
The FBI's investigation revealed that both hacking groups exploited the bridge and stole $100 million worth of digital assets.
The United States Federal Bureau of Investigation (FBI) has blamed North Korean hackers for the attack last year on the cross-chain bridge provider Harmony. The Harmony Horizon bridge was compromised in June 2022, with hackers making off with $100 million worth of crypto.
FBI confirms the involvement of North Korea's Lazarus Group and APT38 in the $100M hack. Is it funding nuclear weapons with stolen funds?
Key Points: The US Federal Bureau of Investigation (FBI) confirmed on Monday that Lazarus Group and APT38 were behind the Harmony cross-chain bridge attack last June. They stole $100 million worth of virtual currency and laundered it through the RAILGUN Privacy Protocol.
The Federal Bureau of Investigation on Monday confirmed that North Korean cybercrime group "Lazarus Group" is responsible for last year's massive $100 million breach of Harmony Protocol. What Happened: According to a press release by FBI, six months after the initial heist, over $60 million worth of stolen Ethereum (CRYPTO: ETH) was laundered on Jan.
US prosecutors confirmed that Lazarus Group and APT38 were behind a June hack on crypto firm Harmony, which saw $60 billion converted to ethereum.
The $100M Harmony Protocol attack from last June was carried out by the North Korean hacking group Lazarus Group, the FBI stated on January 23.
The Federal Bureau of Investigation (FBI) confirmed on January 23 that Lazarus Group was responsible for last year's attack on Harmony's Horizon Protocol.
On Monday, January 23, the Federal Bureau of Investigation (FBI) published a report confirming that two groups linked to North Korea were responsible for the $100 million hack of the Harmony Bridge last year in June 2022. The notorious Lazarus Group and APT38 outfits were responsible for attacking and stealing from the US-based blockchain specialist.
As widely suspected, the notorious Lazarus Group was behind last June's massive exploit.
The FBI also confirmed earlier reports this month by figures such as ZachXBT that the hackers had started moving a large chunk of the funds around via privacy protocols.
More details about the transfer of funds following Harmony's hack in June have been revealed.
