Reports Show North Korean Attackers Are Behind Harmony's Hack

The latest reports show North Korean hackers are behind the latest Harmony hack and it is possibly the same group that made the attack on Axie Infinity a few months ago so let's read more today in our latest cryptocurrency news. After hackers stole $100 million in crypto from Harmony Protocol, the team behind the

Timeline of Harmony

North Korea's Lazarus Group is believed to be behind the $100 million attack on Harmony Protocol's Horizon bridge. Blockchain forensics company Elliptic said that there were several signs that suggested Lazarus executed the attack.

Notorious North Korean hacker group Lazarus is likely behind the recent exploit of Harmony horizon bridge, leading to the loss of $100 million, says Elliptics. The post North Korea's Lazarus Group linked to $100M Harmony exploit appeared first on CryptoSlate.

As per the latest report, the notorious Lazarus Group from North Korea is behind the $100-million hack of the Horizon bridge. As per the Bloomberg report, London-based Elliptic Enterprises was actively tracking the stole funds and has come to this conclusion.

Following last week's attack on the Harmony Protocol that resulted in the loss of $100 million, the exploiter has started to move the stolen funds. Harmony Hacker Moves $22 Million  The exploit on the Horizen bridge, a channel that connects the Harmony network to leading blockchains Bitcoin, Ethereum, and Binance Chain, occurred when two addresses in a 2-5 multi-sig wallet used by Harmony got hacked with the attacker carting away $100 million worth of assets.

Hackers who made off with $100 million worth of altcoins from the Horizon blockchain bridge five days ago have begun disposing of their loot. $22 Million Worth of Ether Shifted to Tornado Cash In a Twitter thread posted on June…

According to a PeckShield report, The Harmony attacker has already mixed more than $12 million through the protocol, and they're sending 100 ETH to Tornado Cash every six minutes. On Thursday morning, the proof of stake blockchain “Harmony” disclosed that $100 million worth of cryptocurrency had been stolen from its Horizon bridge.

The harmony attacker has begun moving the stolen crypto to Tornado Cash. According to Etherscan, the wallet used in last week's Harmony attack transferred a little over 18,036 ETH worth about $21 million at the writing time to a backup wallet.

Layer 1 blockchain protocol Harmony (CRYPTO: ONE) has offered a bounty of $1 million for information about a theft on the Horizon bridge amounting to around $100 million, in which tokens including Wrapped Ethereum (CRYPTO: WETH), Aave (CRYPTO: AAVE), SushiSwap (CRYPTO: SUSHI), DAI (CRYPTO: DAI), Tether (CRYPTO: USDT) and USD Coin (CRYPTO: USDC) were stolen. "Harmony will advocate for no criminal charges when funds are returned," the company stated.

The hacker has started funneling funds via the Tornado Cash coin mixing service despite Harmony offering a $1 million bounty. The post Hacker begins laundering funds from $100 million Harmony bridge attack appeared first on The Block.

On June 23, 2022, the Harmony development team announced that $100 million was siphoned from the Horizon bridge, and the organization explained it was working with national authorities and forensic specialists. According to an account published Polygon's chief information security officer, Mudit Gupta, the Horizon bridge attacker allegedly took control of the multi-signature wallet leveraged