North Korean Hackers Behind $100 Million Horizon Bridge Theft

North Korean Hackers Behind $100 Million Horizon Bridge Theft

A pair of North Korean hacker teams had been behind the June theft of $100 million in crypto property from Horizon Bridge, the Federal Bureau of Investigation (FBI) stated in a Monday assertion.

Horizon Bridge, a service enabling crypto property to be traded between the Harmony blockchain and different blockchains, was drained of ether (ETH), tether (USDT) and wrapped bitcoin (wBTC). The FBI stated that the hackers – “cyber actors related to the [Democratic People’s Republic of Korea]” – relied on a malware marketing campaign referred to as “TraderTraitor” within the Harmony assault.

Two weeks in the past, a privateness protocol, Railgun, was used to launder more than $60 million in ETH stolen throughout final 12 months’s theft, in keeping with the FBI. A portion of it was despatched to different service suppliers and adjusted to bitcoin. Some of the funds had been frozen, and others had been moved to addresses recognized within the company’s assertion.

At least one trade analysis agency had already partially come to the identical conclusion on the id of the attackers final 12 months, identifying Lazarus and North Korea.

U.S. authorities stated that North Korea’s thefts of crypto and laundering of the property are used “to help North Korea’s ballistic missile and Weapons of Mass Destruction packages,” in keeping with the assertion.

Lazarus Group had beforehand been accused of stealing more than $600 million of cryptocurrency from the Axie Infinity-linked Ronin bridge.

Read More: Harmony Hackers Cover Tracks by Bridging Portion of $100M Loot to Avalanche, Ethereum and Tron