FBI Says North Korea Responsible for $100 Million Harmony Protocol Crypto Hack

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Says the FBIs that cybercriminals linked to the North Korean regime are responsible for an attack on a US-based crypto project Harmony Protocol that resulted in over $100 million in losses last year.

The FBI on Monday released a short statement She explained that she recently completed an investigation that confirmed that a well-known North Korean hacking group known as “Lazarus” was responsible for the hack. The hack involved targeting a crypto “bridge” — some sort of Mechanism for transferring digital assets the has become common goal for hackers in recent years. The attack, which took place last June, exploited vulnerabilities in Harmony’s Ethereum-based bridge. Cointelgraph Reports.

Officials say that on Jan. 13 this year, money stolen during the robbery (a whopping $60 million worth of tokens) was laundered into various crypto wallets by North Korean hackers using a privacy protocol dubbed “Railgun.” Some of these funds were subsequently “frozen” by the crypto service providers that control the wallets.

Cyber ​​criminals have had ties to the Hermit Kingdom for years were accused for high profile hacks in web3 projects. Researchers say DPKR hackers not only line their own pockets, but often use money stolen in crypto hacks to fund regime initiatives — including its nuclear weapons program. The Lazarus group is said to have been last year the Ronin Bridge compromiseda popular crypto Project. The hackers eventually took off with over $600 million in assets, making it one of the largest crypto heists in history.

The FBI says it continues to work with its law enforcement partners to “identify and stop North Korea’s theft and money laundering of virtual currency used in support of North Korea’s ballistic missile and weapons of mass destruction programs.”

https://gizmodo.com/fbi-north-korea-harmony-protocol-cryptocurrency-hackers-1850025945 FBI Says North Korea Responsible for $100 Million Harmony Protocol Crypto Hack

Zack Zwiezen

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