FBI accused North Korean hackers of hacking the Harmony network for $ 100 million

 

FBI accused North Korean hackers of hacking the Harmony network for $ 100 million

FBI accused North Korean hackers of hacking the Harmony network for $ 100 million

The agency accused hacker groups Lazarus Group and APT38 of stealing crypto assets from the Horizon blockchain bridge in June last year

The FBI accused North Korean hackers of hacking the Harmony ecosystem, as a result of which in June last year crypto assets worth $ 100 million were stolen. American law enforcement officers claim that the stolen cryptocurrency is used by the authorities of North Korea to finance programs to create ballistic missiles and weapons of mass destruction.

Harmony is a first-tier blockchain launched in 2019 and supports Ethereum applications. With the Horizon blockchain bridge operating in this ecosystem, users can move assets between the Harmony network and the Bitcoin, Ethereum and Binance Chain networks. In late June 2022, the Horizon Bridge was breached. The attacker in 18 minutes withdrew cryptocurrency in the amount of $ 100 million and sent these assets for exchange on Ethereum to a decentralized exchange.

The FBI revealed that on Jan. 13, hackers used a privacy protocol called Railgun to launder more than $60 million in Ethereum from funds stolen from the Horizon Bridge. Some of these assets in ETH were subsequently sent to several crypto exchanges and converted into bitcoin, the statement said.

Then, part of these funds in bitcoin was frozen on some platforms cooperating with the bureau. The remaining bitcoins were subsequently transferred to 11 addresses, a list of which the FBI published in the message.

The hacking of the Horizon bridge led to the loss of 14 different types of digital assets. First, the developers proposed to conduct a hard fork of the network and issue billions of native tokens of the ONE project to compensate customers for losses. However, the community did not support this initiative, it was decided to use funds from the project treasury to cover the losses.

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