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Blockchain

Hacker Harmony Moves $726k Worth Of WETH That Was aken

February 3, 2023 - Around 2 mins mins to read

Key Points:

  • Harmony Bridge transferred 463.82 Wrapped Ethereum (WETH) worth about $726,000 into “0xA60C37d8362F6adf61317Bf6306A52d8087127Da.”
  • Blockchain investigator ZachXBT tweeted about the shift in stolen funds, including a detailed mapping of the funds’ movement through numerous wallets.
On February 3, the Harmony Bridge transferred 463.82 Wrapped Ethereum (WETH) worth about $726,000 into “0xA60C37d8362F6adf61317Bf6306A52d8087127Da.”

As of the time of publication, the new wallet had received 463.82 WETH over five transactions and had been idle for almost an hour.

Hacker Harmony Moves $726k Worth Of WETH That Was aken

Blockchain investigator ZachXBT tweeted about the shift in stolen funds, including a detailed mapping of the funds’ movement through numerous wallets.

Hacker Harmony Moves $726k Worth Of WETH That Was aken

The 2022 attack on Harmony’s Horizon Protocol was carried out by the North Korean Lazarus Group, the Federal Bureau of Investigation (FBI) announced on January 23.

The FBI claimed that the North Korean government sponsored Lazarus Group and its affiliated organizations, and that they were seeking to recover the crypto that had been stolen.

On-chain investigation on January 31 showed that the hacker was trying to shift part of the illegal funds utilizing exchanges and the Railgun smart contract “Zero Knowledge Proof” technology.

At least two exchanges, Binance and Huobi, halted the transfer of funds. 124 Bitcoin (BTC) worth $2.58 million were recovered thanks to Binance when the hacker tried to use the exchange to launder the stolen money.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

Coincu News

Hacker Harmony

Harmony Bridge

WETH

Wrapped Ethereum

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Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Blockchain

Hacker Harmony Moves $726k Worth Of WETH That Was aken

Key Points:

  • Harmony Bridge transferred 463.82 Wrapped Ethereum (WETH) worth about $726,000 into “0xA60C37d8362F6adf61317Bf6306A52d8087127Da.”
  • Blockchain investigator ZachXBT tweeted about the shift in stolen funds, including a detailed mapping of the funds’ movement through numerous wallets.
On February 3, the Harmony Bridge transferred 463.82 Wrapped Ethereum (WETH) worth about $726,000 into “0xA60C37d8362F6adf61317Bf6306A52d8087127Da.”

As of the time of publication, the new wallet had received 463.82 WETH over five transactions and had been idle for almost an hour.

Hacker Harmony Moves $726k Worth Of WETH That Was aken

Blockchain investigator ZachXBT tweeted about the shift in stolen funds, including a detailed mapping of the funds’ movement through numerous wallets.

Hacker Harmony Moves $726k Worth Of WETH That Was aken

The 2022 attack on Harmony’s Horizon Protocol was carried out by the North Korean Lazarus Group, the Federal Bureau of Investigation (FBI) announced on January 23.

The FBI claimed that the North Korean government sponsored Lazarus Group and its affiliated organizations, and that they were seeking to recover the crypto that had been stolen.

On-chain investigation on January 31 showed that the hacker was trying to shift part of the illegal funds utilizing exchanges and the Railgun smart contract “Zero Knowledge Proof” technology.

At least two exchanges, Binance and Huobi, halted the transfer of funds. 124 Bitcoin (BTC) worth $2.58 million were recovered thanks to Binance when the hacker tried to use the exchange to launder the stolen money.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

Coincu News

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