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Blockscroll > Crypto > North Korea-Backed Groups Hacked $100 Million in Crypto: FBI
Crypto

North Korea-Backed Groups Hacked $100 Million in Crypto: FBI

Mridul Srivastava
Last updated: 2023/01/24 at 9:38 AM
By Mridul Srivastava 1 week ago
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North Korea-Backed Groups Hacked $100 Million in Crypto: FBI
North Korea-Backed Groups Hacked $100 Million in Crypto: FBI
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  • 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.

#cryptonews: Security teams at crypto exchanges #Binance and #Huobi worked together to freeze and recover 124 #Bitcoin from hackers behind the Harmony bridge exploit. 💪

— CoinMarketCap (@CoinMarketCap) January 17, 2023

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TAGGED: Binance, Bitcoin, Crypto, Crypto Hack, FBI, Huobi
Mridul Srivastava January 24, 2023
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Mridul Srivastava
By Mridul Srivastava
Mridul is an MBA pursuing a content writing career. He is a dedicated, detail-oriented freelance writer with over 2 years of experience and knowledge in the fields of Web3, blockchain, cryptocurrency, and NFTs. He is skilled in producing long and short content per the guidelines and client requirements for maximum search engine optimization.
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