Key Points:
- Lazarus Group and APT38 were responsible for the Harmony cross-chain bridge assault in June, the FBI announced on Monday.
- The breach was connected to the “TraderTraitor” malware operation, which was run by North Korea. The $600 million Ronin assault last April was also connected to the Lazarus Group.
- According to the FBI, North Korea utilized the stolen money to finance its development of ballistic missiles and WMDs.
The US Federal Bureau of Investigation (FBI) confirmed on Monday that Lazarus Group and APT38 were behind the Harmony cross-chain bridge attack last June.
They stole $100 million worth of virtual currency and laundered it through the RAILGUN Privacy Protocol. The hack was linked to a North Korean-led malware campaign called “TraderTraitor.”
In addition, the Lazarus Group was also linked to the $600 million Ronin attack last April. The FBI said North Korea used the stolen funds to fund its ballistic missile and weapons of mass destruction programs. According to previous news, Lazarus Group has transferred some of the stolen Harmony funds to the ETH/Tron chain mixed currency network.
According to the FBI, the DPRK utilizes the money it gains from cyberattacks like these to finance its ballistic missile and WMD programs. In April of last year, Lazarus Group was linked to the $600 million Ronin scam. Around the time the Ronin vulnerability happened, the U.S. authorities issued a warning that both groups were linked to targeting crypto companies in order to steal assets.
Over a week ago, one transaction was confirmed by Lazarus Group with a transaction amount of up to $63.5 million. The stolen funds were transferred from the Harmony bridge hack through Railgun before consolidating funds and depositing them on three different exchanges.
This group is also active in innovative forms of fraud. Volexity, a cybersecurity firm located in Washington, D.C., has linked Lazarus to a threat involving the use of a cryptocurrency site to infect computers and steal information and crypto from third parties.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Harold
Coincu News
