Lazaro, the infamous North Korean hacker group, is likely behind the recent abuse of the Harmony Horizon Bridge, leading to a loss of $ 100 million. To tell ellipse.
among them report Regarding this hack, blockchain analytics firms said the strategy adopted for the attack was similar to the strategy used for the Ronin Bridge exploit a few months ago.
Hackers have stolen $ 100 million worth of assets in various cryptocurrencies such as ETH, WBTC, USDT and BNB. But they soon converted everything to ETH using Uniswap (UNI). Elliptics explained that this is a common laundering technique used by criminals.
The theft occurred on June 24th, but hackers did not transfer funds until June 27th. Hackers have moved about 41% of their funds (equivalent to about 39,000 ETH) to tornado cash, making them untrackable at the time of the press.
However, Elliptics claimed to have used transaction screening software to track stolen funds through the tornado’s cash to a new wallet.
Why Elliptics links hacks to Lazarus Group
According to blockchain analysis companies, hacking and laundering analysis shows that it is consistent with how the Lazarus Group operates. There is nothing definitive to prove this, but circumstantial evidence shows it.
Lazarus Group is one of the most successful crypto hacking groups in the world, with revenues of over $ 2 billion. In recent years, he started using cross-chain bridges and was responsible for the Ronin bridge, which cost Axie Infinity about $ 600 million.
In addition, the hacker broke the key of the multisig wallet and carried out the theft. This is consistent with the method used by the Lazarus Group.
The company also pointed out that harmony falls under the Lazarus Group’s target profile. Although based in the United States, many of Harmony’s core team members are linked to the Asia-Pacific region, which Lazarus Group usually focuses on.
In addition, the consistency of tornado cash deposits and the duration of deposits are consistent with the Lazarus Group’s washing of Ronin Bridge funds and APAC night time.
However, the company added that it would continue its investigation.
North Korean crypto theft link
North Korea has become a boogeyman for crypto projects in recent years.Study by Coin cub The country is estimated to be the world leader in cryptocurrency crime.
Unlike other countries where crypto crimes are mostly underground, most reports point to state support for crypto theft in North Korea. A United Nations Report Earlier this year, North Korea claims to fund ballistics and weapons programs with stolen cryptography.
