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Lazarus Group Moves $64 Million from Harmony Exploit, Binance Freezes 125 BTC from Loot

The notorious North Korean hacking group Lazarus began laundering funds stolen from Harmony over the weekend to the tune of $64 million in ETH. Binance tried to recover...
Lazarus Group Moves $64 Million from Harmony Exploit, Binance Freezes 125 BTC from Loot © Reuters. Lazarus Group Moves $64 Million from Harmony Exploit, Binance Freezes 125 BTC from Loot
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The notorious North Korean hacking group Lazarus began laundering funds stolen from Harmony over the weekend to the tune of $64 million in ETH. Binance tried to recover some of the stolen funds.

Lazarus Group Moves $64M from Harmony Hack

In June 2022, the Lazarus Group exploited Horizon Bridge, a cross-chain interoperability protocol. They siphoned as much as $100 million from the DeFi protocol. Over the weekend, the infamous hackers began moving the loot.

The pseudonymous blockchain sleuth ZachXBT reported that over the weekend, the group moved “$63.5 million (~41,000 ETH) from the Harmony Bridge hack,” identifying over 350 addresses linked to the attackers.

According to ZachXBT, the funds were moved through Railgun before being deposited on three different exchanges. Railgun is not a coin mixer (like Tornado Cash) but makes transactions fully invisible through zk-SNARKs cryptography.

Binance Freezes 125 BTC from the Loot

Changpeng “CZ” Zhao, the CEO of Binance, also announced today that the exchange detected fund movement from the Harmony hacker. He adds that Binance proceeded to freeze his accounts.

According to CZ, the same activity was also identified on the crypto exchange Huobi. Binance assisted the Huobi team in freezing the accounts. Both crypto exchanges have recovered 124 BTC, worth approximately $2.59 million.

On the Flipside

  • Lazarus Group isn’t letting up on its nefarious activities, recently impersonating venture capitalists to invest in crypto startups for phishing schemes.

Why You Should Care

As the Lazarus Group becomes more adept at stealing and moving illicit crypto, projects must do more to protect users from their activities.

Read about the recent campaigns by Lazarus in:

Microsoft (NASDAQ:MSFT) Alerts Cryptocurrency Funds of Attacks Perpetrated by the Lazarus Group

North Korean Hackers Target (NYSE:TGT) NFT Holders in Phishing Attacks, Steal Ether and Over 1,000 NFTs

See original on DailyCoin

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30-01-2023 16:02:35 (UTC+7)

EUR/USD

1.0878

+0.0011 (+0.10%)

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↑ Sell

Moving Avg:

Buy (4)

Sell (8)

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Sell (7)

EUR/USD

1.0878

+0.0011 (+0.10%)

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↑ Sell

Moving Avg:

Buy (4)

Sell (8)

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Buy (1)

Sell (7)

GBP/USD

1.2379

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Buy (0)

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Sell (10)

USD/JPY

130.10

+0.24 (+0.19%)

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Neutral

Moving Avg:

Buy (8)

Sell (4)

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Buy (1)

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AUD/USD

0.7076

-0.0027 (-0.38%)

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USD/CAD

1.3345

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EUR/JPY

141.53

+0.42 (+0.30%)

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Sell

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1.0032

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23.788

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DAX

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1,911.46

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    EUR/USD 1.0878 ↑ Sell  
    GBP/USD 1.2379 ↑ Sell  
    USD/JPY 130.10 Neutral  
    AUD/USD 0.7076 ↑ Sell  
    USD/CAD 1.3345 ↑ Buy  
    EUR/JPY 141.53 Sell  
    EUR/CHF 1.0032 ↑ Buy  
    Gold 1,922.50 Buy  
    Silver 23.788 ↑ Buy  
    Copper 4.2022 ↑ Sell  
    Crude Oil WTI 79.03 ↑ Sell  
    Brent Oil 85.83 ↑ Buy  
    Natural Gas 2.675 Neutral  
    US Coffee C 169.25 Sell  
    Euro Stoxx 50 4,154.55 Neutral  
    S&P 500 4,070.56 ↑ Sell  
    DAX 15,107.35 Neutral  
    FTSE 100 7,755.57 ↑ Buy  
    Hang Seng 22,069.73 Neutral  
    Small Cap 2000 1,911.46 ↑ Sell  
    IBEX 35 9,046.88 ↑ Sell  
    BASF 52.595 Sell  
    Bayer 56.88 Neutral  
    Allianz 220.77 ↑ Buy  
    Adidas 147.95 ↑ Buy  
    Lufthansa 9.728 ↑ Sell  
    Siemens AG 144.38 ↑ Buy  
    Deutsche Bank AG 12.255 Neutral  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,620/ 6,700
(-100/ -120) # 1,227
SJC HCM6,630/ 6,730
(-90/ -90) # 1,258
SJC Hanoi6,630/ 6,732
(-90/ -90) # 1,260
SJC Danang6,630/ 6,732
(-90/ -90) # 1,260
SJC Nhatrang6,630/ 6,732
(-90/ -90) # 1,260
SJC Cantho6,630/ 6,732
(-90/ -90) # 1,260
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