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Atomic Wallet hacker used OFAC-sanctioned garanex to wash stolen $ 35 million: report
The crypto assets stolen during the Atomic Wallet hack have found their way to the sanctioned Russian cryptocurrency exchange Garantex, where the attackers exchanged the tokens for Bitcoin (BTC). According to A, the hackers, which are believed to be part of the notorious North Korean Lazarus group, have turned to Garantex, since several crypto exchanges work together to freeze funds in connection with the hack. Atomic Wallet-Hacker turned to Garantex The Office of Foreign Assets Control (OFAC) imposed sanctions against Garantex last year, a few months after Russian President Vladimir Putin had attacked Ukraine. The US Ministry of Finance explained that the Laxe platform platform ...
Atomic Wallet hacker used OFAC-sanctioned garanex to wash stolen $ 35 million: report
The crypto-assets stolen during the atomic wallet hack have found their way to the sanctioned Russian cryptocurrency exchange Garantex, where the attackers exchanged the tokens for Bitcoin (BTC).
Before the stolen assets were transferred to Garantex, the hackers used the on-chain trading platform 1inch to exchange them for USDT. They were exchanged for BTC from Garantex and moved to Sinbad.io.
ongoing examination
The Atomic Wallet team claims that the attack affected less than 1 % of its monthly active users. The team said that the services of the blockchain security company Chainalysis used it as a senior investigator and teamed up with several stock market and analysis companies to track down and freeze the stolen funds.
It remains unclear whether Atomic Wallet included the law enforcement authorities in the matter. In addition, the platform has not yet determined the attack vector or stated whether compensation plans are underway.
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