BlocksInform
Crypto tracking platform MistTrack has followed funds taken in the Harmony bridge hack and made 350 addresses associated with the attack public. The Lazarus group from North Korea is allegedly behind the hack. Per a Twitter feed posted on jan. 23, the funds were transferred through various scholarships for the purpose of evading the trackers.
Funds in a number of tokens worth about $100 million were stolen from the Harmony bridge on June 23, 2022, then quickly swapped for Bitcoin (), according to MistTrack, and returned to the wallet they had originally been transferred to. The bridge facilitates the transfer between harmony and the network ethereum, binary channel and bitcoin. Harmony offered $1 million for the return of the funds, but the offer was not accepted.
Rather, the hackers, who were later identified as the North Korean Lazarus Group, ran 85,700 Ether (ETH) through the Tornado Cash mixer and deposited them at several addresses, where they remained until Jan. 13, when they were transferred to a Railgun, a privacy system on Ethereum that provides anonymization. 13, when transferred to a railgun, an ethereum-based confidentiality system that provides anonymization.
New Updates on the Harmony Bridge Hack
On June 23rd of 2022, the Harmony bridge fell victim to a devastating attack that resulted in a loss of approximately $100 million.
— MistTrack? (@MistTrack_io) January 23, 2023
Other funds were transferred to the Avalanche (AVAX) blockchain, where they were exchanged for Tether () or Tron’s USDD token and eventually deposited into addresses on the Ethereum and Tron networks.
Related: ‘Nobody is holding them back’ — North Korean cyber-attack threat rises
MistTrack? (@MistTrack_io) 23January 2023. "No one is holding them off" — the threat of a North Korean cyber-attack has made great strides in the recovery of stolen funds. 15 that 121 BTC had been recovered from the Huobi exchange after BINANCE detected their presence there.
Harmony proposed minting new native ONE tokens to reimburse some of the 65,000 wallets that had suffered losses from the hack, but that idea proved unpopular and instead it announced a plan in September to reimburse the losses out of its treasury. In November, Harmony said it was adding seven coins from the compromised bridge that were unaffected by the hack to its new LayerZero bridge, thus making it possible for holders of the coins to move them off the network.
The CEO of Binance, Changpeng Zhao (CZ), announced on Twitter on 15 January that 121 BTCs had been recovered from Huobi's trade after Binance detected their presence there.
