Onchain Researchers Discover $63M in Ethereum From Harmony Bridge Attack Moved, Hackers Attempt to Launder Funds on Major Exchanges

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.

Timeline of Harmony

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.

Harmony protocol updated its community and partners on the Horizon Bridge recovery plan after its $100 million hack in June. The post Harmony announces update on Horizon Bridge attack recovery plan appeared first on The Block.

Not long ago, Harmony – a crypto exchange based in northern California – was the victim of a cyberattack that ultimately resulted in more than $100 million in digital currency funds being stolen.

Blockchain-based game DeFi Kingdoms (DFK) has found a new home for the Serendale-based part of its game on the metaverse-focused blockchain Klaytn. The post DeFi Kingdoms to leave Harmony for metaverse-focused blockchain appeared first on The Block.

The price of Harmony (ONE) has shown bullish signs and could be set for a major run against Tether (USDT) as it eyes $0.04.  Ethereum price rallied with so much strength from a region of $1,670 to $1,924 ahead of Ethereum merge.

In order to reimburse the victims of the Horizon bridge hack that saw around USD 100m of user funds stolen, Layer-1 blockchain Harmony has proposed to mint billions of its ONE tokens. Harmony would have to hard fork and increase the supply of ONE to mint new tokens.