North Korea-Backed Groups Hacked $100 Million in Crypto: FBI
- Akansha Gupta
- January 24, 2023
- Crypto, News
- 0 Comments
- 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.
