On February 14, cryptocurrency exchanges Binance and Huobi froze wallets containing about $1.4 million stolen as a result of an attack on the Horizon cross-chain bridge of the Harmony protocol. This is reported Elliptical.
The researchers reported that, until recently, the funds were without movement. However, then hackers began moving assets to centralized exchanges through complex chains of transactions.
The movement of assets stolen from the Horizon Bridge. Data: Elliptic.
Elliptic notified trading platforms of illegal deposits, which in turn suspended the hackers’ accounts and froze funds in real time.
The damage from the Horizon cross-chain bridge hack that occurred in June 2022 amounted to $100 million. Subsequently, the funds were laundered through the Tornado Cash mixer, which fell under US sanctions.
Elliptic analysts have established the involvement of the North Korean hacker group Lazarus Group in the attack. These findings were later confirmed by the FBI.
Source: Cryptocurrency
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