North Korean Lazarus Hacking Group moves 41,000 Ether over weekend

Category: Crypto Payments Regulatory

Crypto exchanges Huobi and Binance blocked funds tied to a North Korean hack on Monday 16th.

Pseudonymous blockchain detective by the name of ZachXBT revealed that funds tied to a $100 million attack on the Harmony bridge network were moved over the weekend.

ZachXBT said on twitter:

“North Korea’s Lazarus Group had a very busy weekend, moving $63.5 million (~41,000 ETH) from the Harmony bridge hack through Railgun before consolidating funds and depositing on three different exchanges.”

The crypto sleuth has compiled a list with over 350 addresses linked to the attackers.

The North Korean hacking group is believed to be supported by the regime’s dictator, Kim Jong Un, who is probably behind last year’s Harmony Bridge hack, according to analysis by blockchain research firm Elliptic.

The attack stole $100 million worth of crypto, which included Ether, Tether (USDT), and wrapped Bitcoin (wBTC) on the morning of June 24th.

The Harmony Bridge hack has a similar signature of the Lazarus Group, which also came up in the $635 million Ronin Bridge hack in March – the largest crypto hack in the history of DeFi.

Meanwhile, Binance founder CZ tweeted on Monday that the exchange worked with Huobi to block transfers and freeze accounts related to the stash. Over 124 bitcoin were recovered, Zhao said.

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