The FBI has identified two North Korean cybercrime groups in connection to the Horizon Bridge hack The bureau claimed that a portion of the stolen Ethereum (ETH) was converted to Bitcoin (BTC) The United States Federal Bureau of Investigation (FBI) announced that North Korean cybercrime groups were behind the hack of Horizon Bridge. The attack […]
The FBI has identified two North Korean cybercrime groups in connection to the Horizon Bridge hackThe United States Federal Bureau of Investigation announced that North Korean cybercrime groups were behind the hack of Horizon Bridge. The attack had drained $100 million worth of crypto from Horizon Bridge, a tool for cross-chain interoperability between Harmony, Binance Smart Chain, and Ethereum. The groups were identified as Lazarus Group and APT38.
In addition, the FBI claimed that the hackers converted the laundered Ethereum into Bitcoin on various crypto platforms. Some of these funds were stolen with the cooperation of the crypto service providers. Meanwhile, the FBI identified 11 Bitcoin addresses, which received the laundered money.towards the end of June 2022. The attacker stole various cryptocurrencies, which included Ethereum, USDC, WBTC, DAI, SUSHI, AAVE, WETH, and BUSD. The hackers converted most of these tokens to ETH.
Soon after the attack, the Harmony team announced that they had notified national authorities and were working alongside forensic specialists to identify the culprits and recover the stolen funds. At one point, the team also reached out to the hacker stating that they were open to negotiation. However, the outreach was of no avail.Subscribe to get it daily in your inbox.
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