Cryptocurrency

Binance assists in recovering $3M from Harmony bridge hack

According to Binance CEO Changpeng Zhao (CZ), Binance helped Huobi recover 124 Bitcoins (BTC) worth $2.58 million from Harmony Bridge hackers.

Hackers previously tried to launder stolen funds using Binance, but according to CZ, the account was frozen. Tweet.

The cooperation of the two exchanges also thwarted new attempts by hackers to use Huobi. Verified By Huobi Advisor Justin Sun.

$64 million in motion

Meanwhile, on-chain detective ZachXBT report On January 16th, it was revealed that the North Korean Lazarus Group moved 41,000 Ethereum (ETH), worth $64 million, over the weekend from the Harmony (ONE) Bridge hack.

According to a chart shared by ZachXBT, the transfer of funds was in batches of 100 ETH from OFAC-sanctioned Tornado Cash to Railgun, another privacy platform.

According to ZachXBT, the funds were later consolidated and deposited on three unnamed exchanges.

movement was first noticed In a January 14 tweet by crypto compliance platform MistTrack,n The address associated with the Harmony Bridge exploit was in motion.

After the $100 million Harmony Bridge was hacked on June 24, 2022, the Layer 1 blockchain offered a $1 million bounty for the return of funds. Blockchain analytics firm Elliptic then tracked an attack on North Korea’s Lazarus Group.

The post helping Binance recover $3 million from the Harmony Bridge hack first appeared on CryptoSlate.

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