FBI Says North Korean Lazarus Group Responsible for Harmony's Hack
Wikimedia.com/Shinsuke Ikegam
Main page News, US, Blockchain, Money Laundering, Hacker Attack

Lazarus Group, a hacking gang tied to the Democratic People's Republic of Korea (DPRK), is responsible for stealing $100 million worth of crypto from Harmony's Horizon bridge.

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

The bureau said in a press release that North Korean bad actors laundered over $60 million worth of ether (ETH) through RAILGUN, a crypto mixing protocol. The FBI claims that some of the laundered ether was later sent to crypto exchanges and converted to bitcoin (BTC).

Although a portion of these funds were frozen, the agency declined to elaborate on the matter. The announcement comes after Binance and Huobi said they had blocked a total of 124 BTC ($2.58 million) stolen during the $100 million hack of Harmony's cross-chain bridge.

Harmony Horizon's Attacker Goes to Tornado Cash to Launder Crypto

According to analytics firm ZachXBT, the attackers transferred 41,000 ETH valued at $63.5 million from the hack through RAILGUN on January 13-14 before consolidating the funds and depositing them on three different exchanges. To do so, the hackers used more than 350 addresses.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

Read also:
Please describe the error