North Korean Lazarus Group Moves $64M ETH From Harmony Hack - CryptoPotato

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The Lazarus Group has been moving its spoils from the Harmony Bridge hack this weekend.

On Jan. 16, blockchain sleuth ‘ZachXBT’ posted details of the movements of ample amounts of Ethereum. The crypto assets originated from the anonymizing work Tornado Cash and went done Railgun.

Railgun is simply a astute declaration privateness level that uses zero-knowledge proofs to obfuscate transactions.

Around 41,000 ETH worthy astir $63.5 cardinal was sent done Railgun earlier being deposited connected 3 antithetic exchanges, according to the expert who traced the movements done much than 350 addresses.

1/2 North Korea’s Lazarus Group had a precise engaged play moving $63.5m (~41000 ETH) from the Harmony span hack done Railgun earlier consolidating funds and depositing connected 3 antithetic exchanges. pic.twitter.com/huDumaJeSh

— ZachXBT (@zachxbt) January 15, 2023

Lazarus Linked to Harmony Attack

The exchanges utilized were not specified, but the expert said that it is usually withdrawn from them precise quickly.

Lazarus has go rather adept astatine moving illicit crypto and preventing authorities from tracking them down. The hacker radical was linked with the Harmony Bridge onslaught successful June 2022. Blockchain investigation supplier Elliptic published a elaborate report of the onslaught astatine the time.

Harmony Bridge was hacked for astir $100 cardinal connected June 24, arsenic reported by CryptoPotato. Elliptic utilized “Tornado demixing capabilities” to hint the stolen funds done Tornado and onwards to different wallets, it stated.

The Lazarus Group has been linked to respective ample crypto heists totaling much than $2 billion. In 2022 it turned its absorption to DeFi and cross-chain bridges and was besides believed to beryllium down the $600 cardinal Ronin Bridge attack.

In October, the North Korean hacker radical targeted crypto plus exchanges successful Japan with phishing attacks.

Crypto Market Outlook

Crypto markets person held connected to caller gains implicit the weekend. They person pushed adjacent higher during the Monday greeting Asian trading league with a 1.7% summation successful full capitalization. That fig has present reached a ten-week precocious of implicit $1 trillion, according to CoinGecko.

Bitcoin has gained a further 1.8% connected the time to scope $21,155 astatine the clip of writing. Meanwhile, Ethereum was up 2.5%, trading astatine $1,566.

All losses from the FTX illness and resultant marketplace clang person present been recovered.

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