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  • How Lazarus hackers laundered money after the blockchain hack


    Blockchain researcher alias ZachXBT claimed that the North Korean gang Lazarus laundered about 41,000 ETH ($64 million) stolen after the Harmony blockchain hack. The origin of cryptoassets can be traced back to the Tornado Cash mixer, which helps hide the source of the cryptocurrency.

    The funds went through the Railgun smart contract privacy platform and were deposited to 350 addresses on three different crypto exchanges - Binance, Huobi and OKX. After crediting, the funds were immediately withdrawn for laundering.

    The Binance platform discovered the illegal movement of funds and added that this is not the first time hackers have tried to use Binance to launder funds, but the exchange has frozen their accounts. This time, the attackers used the Huobi exchange, but the Binance team returned 124 BTC ($2.6 million) as part of their cooperation with the platform.

    In June 2023, $100 million worth of cryptocurrency was stolen from Horizon Bridge, a service operated by the Harmony blockchain that allows you to transfer cryptocurrency assets to other blockchains.

    Specialists from three information security companies at once blamed the Lazarus group for the cyberattack. According to them, the stolen funds will be used to finance Pyongyang's nuclear program.

    Author DeepWeb
    Psychedelics
    Brave Snowflake: Collective Block Bypass

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