The Federal Bureau of Investigation reported that two hacker gangs with ties to North Korea were responsible for the heist of $100 million from a crypto service last year during an attack.
As per Chainalysis, these cross-chain bridges became an easy target for attackers last year, with nearly $2 billion in cryptocurrency assets being taken in 13 distinct bridge thefts.
FBI said that both the Lazarus and APT38 groups were responsible for the attack in June on the Horizon Bridge of American blockchain company Harmony.
According to the FBI, hackers with ties to North Korea deployed a protocol named Railgun to smuggle $60 million of Ether. Some of this, according to the bureau, was routed to several cryptocurrency exchanges and transformed to Bitcoin.
Binance Holdings Ltd. founder Changpeng Zhao stated that his company helped the Huobi platform to freeze some funds and recover 124 Bitcoins.