FBI Says North Korea Was Behind $100m Harmony Horizon Bridge Hack

The United States Federal Bureau of Investigation (FBI) has blamed North Korean hackers for the attack last year on the cross-chain bridge provider Harmony. The Harmony Horizon bridge was compromised in June 2022, with hackers making off with $100 million worth of crypto.

Timeline of Harmony

Key Points: The US Federal Bureau of Investigation (FBI) confirmed on Monday that Lazarus Group and APT38 were behind the Harmony cross-chain bridge attack last June. They stole $100 million worth of virtual currency and laundered it through the RAILGUN Privacy Protocol.

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.

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.