FBI Confirms North Korean Group 'Lazarus' Responsible For $100M Harmony Hack

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.

Timeline of Harmony

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.

Hacks are bad news for any project and particularly for layer 1 blockchains. In the case of Harmony Protocol (CRYPTO: ONE), they seem to be pivoting and coming out on top following an unfortunate public hack.

Cryptocurrency exchanges Binance and Huobi have recovered some of the funds stolen in last year's hack of Harmony. “We detected Harmony One hacker fund movement,” Binance CEO Changpeng Zhao wrote in a Sunday (Jan. 15) tweet.

Hacking in the crypto industry has been a prominent part of the space. One of the recent significant ones, the Harmony bridge exploit, has been under investigation since it occurred.

On Jan. 15, 2023, onchain researchers discovered that funds stolen during the Harmony bridge attack had been moved. The suspected thieves, who are allegedly associated with the North Korean hacking syndicate Lazarus Group, moved 41,000 ethereum, worth $63.2 million at current exchange rates.

The notorious North Korean-based Lazarus group has moved millions of dollars worth of Ethereum stolen from the Harmony hack over the weekend. Harmony was attacked on the 22nd of June, 2022, with around $100 million stolen.

North Korea's Lazarus Group has moved $63.5 million of the crypto funds it stole from the Harmony Bridge hack last year. The post North Korea's Lazarus Group Moves $63.5M in Crypto Stolen From Harmony Bridge Hack appeared first on BeInCrypto.

Binance assisted Huobi in recovering 124 Bitcoin (BTC) — worth $2.58 million — from the Harmony bridge hacker, according to Binance CEO Changpeng Zhao (CZ). The post Binance assists in recovering $3M from Harmony bridge hack appeared first on CryptoSlate.

Harmony is a proof-of-stake blockchain that went live on mainnet in June 2019 and had a tight end date. Harmony works closely with Game Space, a comprehensive GameFi-as-a-service [GaaS] hub.

Harmony released an update concerning its Horizon bridge asset recovery proposal on September 23, 2022. The team is proposing not to mint more $ONE tokens or change its tokenomics with a hard fork of the protocol.