The North Korean Lazarus Group pulls $ 64 million ETH from Harmony Hack

The North Korean Lazarus Group pulls $ 64 million ETH from Harmony Hack

The Lazarus Group removed its prey from the Harmony Bridge Hack this weekend.

On January 16, the blockchain detection dog "ZachxBt" published details about the movements of large amounts of Ethereum. The crypto assets came from the anonymization service Tornado Cash and ran over Railgun.

Railgun is a Smart Contract data protection platform that uses zero-knowledge-proofs to cover transactions.

Around 41,000 ETH worth around $ 63.5 million were sent via Railgun before they were deposited on three different stock exchanges, according to the analyst, which pursued the movements over more than 350 addresses.

1/2 The North Korean Lazarus group had a very busy weekend when it moved $ 63.5 million from the Harmony Bridge-Hack via Railgun before consolidating funds on three different exchanges. pic.twitter.com/hudumajesh

-zachxBT (@zachxBT) 15. January 2023

lazarus in connection with Harmony Attack

The stock exchanges used were not specified, but the analyst said that it is usually very quickly withdrawn.

lazarus has become quite clever to move illegal crypto and prevent authorities from tracking them. The hacker group was associated with the Harmony Bridge attack in June 2022. The blockchain analysis provider Elliptic published a detailed report on the attack.

Harmony Bridge was chopped on June 24 for around $ 100 million, as reported by cryptopotato . Elliptic used "tornado-mixing functions" to track the stolen funds through Tornado and further to other wallets, it was said.

The Lazarus Group was associated with several large crypto robberies of more than $ 2 billion. In 2022 it focused on Defi and Cross-Chain bridges and is also supposed to put on the Ronin Bridge behind the $ 600 million attack.

In October, the North Korean hacker group aimed at phishing attacks on crypto-asset exchanges in Japan.

outlook on the cryptom market

The cryptoma markets have kept the latest profits over the weekend. During the Asian trade session on Monday morning, they rose even higher by 1.7 % with an increase in total capitalization. According to Coingecko, this number has now reached a ten-week high of over $ 1 trillion.

Bitcoin increased another 1.8 % that day and reached $ 21,155 at the time of the writing of this. Meanwhile, Ethereum rose by 2.5 % and was traded at $ 1,566.

All losses from the collapse of the FTX and the resulting market crash have now been caught up.

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