![]() A few days after, the decentralized finance (DeFi) platform Cashio suffered from a $52.8M scamming incident. For instance, back in March, hackers managed to steal roughly 200 ETH from the LiFi protocol. Harmony's Horizon Bridge is the latest to join the list of recently crypto-driven entities that were hacked. ![]() According to some sources, The Lazarus Group was also responsible for snatching 173.6K Ethereum (ETH), and $25.5M worth of USDC from the network. On top of that, Harmony also informed the hackers that if the funds would return home, no further charges would be pressed.Įarlier this year, Ronin Network experienced one of the most massive hacks in crypto history. On June 29th, prior to Harmony launching the manhunt, the blockchain offered a significant grant of $10 million for essential information that might be fruitful in retrieving the stolen funds. While not much is known about the Lazarus Group, researchers have attributed many cyberattacks to them between 20. One was published by BAE systems in May 2016, however, it only included an analysis of the wiper code. Lazarus Group (also known by other monikers such as Guardians of Peace or Whois Team) is a cybercrime group made up of an unknown number of individuals run by the government of North Korea. “ This makes it easier to cash out the funds at an exchange,” the announcement read. Previous Link to Lazarus Group Since the Bangladesh incident there have been just a few articles explaining the connection between Lazarus Group and the Bangladesh bank heist. In fact, it's a common practice for hackers to use the platform in order to run away for good, without anyone tracking the thief back. ![]() The analysis firm added: “There are strong indications that North Korea’s Lazarus Group may be responsible for this theft, based on the nature of the hack and the subsequent laundering of the stolen funds.”Įlliptic also noted that on June 27th, the primary suspect Lazarus Group supposedly moved over 35K ETH, estimated at around $39M, to Tornado Mixer, an ETH-based “mixer” that grants its users the ability to hide their digital trail. As stated in the official report issued on June 29th, the crooks leveraged the crypto exchange Uniswap and converted as many digital assets as they could - a total of 85,837 Ethereum (ETH).Įlliptic mentioned that the breach had some resemblance to other attacks and the way in which the capital was laundered was pretty much the same as other Lazarus Group's hits. ![]()
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