News Tech: North Korean Hacking Group Tied to $100M Harmony Hack Moves 41,000 Ether Over Weekend Crypto exchange Huobi blocked funds tied to hack on Monday morning. #News - #Business #Crypto #NFT #DeFi

Pseudonymous blockchain sleuth ZachXBT said on Monday that part of the funds tied to last year’s $100 million attack on the Harmony network were moved over the weekend. “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,” ZachXBT alerted on Twitter. Over 350 addresses linked to the attackers have been compiled in a list by ZachXBT. The Lazarus Group, a North Korean hacking group believed to be supported by the regime of dictator Kim Jung Un, is likely behind last year’s hack of Harmony Bridge, according to analysis by blockchain research firm Elliptic, as previously reported by CoinDesk. The attack drained the service, which enables crypto assets to be traded between the Harmony blockchain and other blockchains, of $100 million worth of crypto, including ether (ETH), tether (USDT) and wrapped bitcoin (wBTC) on the morning of June 24. The Harmony Bridge hack is consistent with other hacks attributed to the Lazarus Group, including the $635 million Ronin Bridge hack in March, which is so far the largest hack in the history of decentralized finance (DeFi). Meanwhile, Binance founder Changpeng Zhao wrote Monday that addresses connected to the hack moved the stolen stash to crypto exchange Huobi, which blocked the transfers and froze the accounts. Over 124 bitcoin were recovered, Zhao said. By Shaurya Malwa, Jan 16, 2023, https://www.coindesk.com/tech/2023/01/16/north-korean-hacking-group-tied-to-100m-harmony-hack-moves-41000-ether-over-weekend/

vya4slav's Recent Blog Posts

SushiSwap, the popular decentralized exchange, made a tough call this week as it navigates the ongoing bear market. On December 5, project lead Jared Grey proposed that all staking fees on the…
1 year ago
Trading in shares of London-based Argo Blockchain (ARBK) was suspended in the U.K. and U.S. on Friday. The exact reason for the suspension was not disclosed, but it typically is due to the pending…
1 year ago
Polygon Studios, a subsidiary of the India-based blockchain creator, is a “funnel” for consumer-facing brands that want to jump into Web3, according to the media production company’s CEO, Ryan Wyatt…
1 year ago
The UK government today announced a package of more than 30 reforms to financial regulation, including the extension of tax breaks for investment managers to cover crypto assets. Dubbed the “…
1 year ago
Crypto.com released proof-of-reserves data from auditing firm Mazars Group that showed its clients' assets are fully backed one-to-one, according to a statement Friday. This comes after…
1 year ago