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HomeTechnologyGadgetsFBI Blames North Korean Hackers for $100 Million Crypto Heist (Again)

FBI Blames North Korean Hackers for $100 Million Crypto Heist (Again)

Photo: Alexander Khitrov (Shutterstock)

The FBI says that cybercriminals related to the North Korean regime are liable for an assault on a U.S.-based crypto mission, Harmony Protocol, that led to over $100 million in losses final 12 months.

On Monday, the FBI printed a brief statement explaining that it had just lately completed an investigation confirming that the well-known North Korean hacker group referred to as “Lazarus” was liable for the hack. The hack concerned the concentrating on of a crypto “bridge”—a sort of digital asset switch mechanism that have develop into common targets for hackers lately. The assault, which occurred final June, exploited safety vulnerabilities inside Harmony’s Ethereum primarily based bridge, Cointelgraph reports.

Officials say that on Jan. 13 of this 12 months, cash stolen through the heist (a whopping $60 million in tokens) was laundered by North Korean hackers into varied crypto wallets utilizing a privateness protocol referred to as “Railgun.” Some of these funds had been subsequently “frozen” by the crypto service suppliers controlling the wallets.

For years, cybercriminals related to the Hermit Kingdom have been blamed for high-profile hacks on web3 initiatives. Researchers say that the DPKR’s hackers aren’t simply lining their very own pockets, however often use the cash stolen in crypto hacks to assist finance the regime’s initiatives—together with its nuclear weapons program. Last 12 months, the Lazarus group can also be alleged to have compromised the Ronin Bridge, a well-liked crypto mission. The hackers in the end made off with over $600 million {dollars} in belongings, making it one of many largest crypto heists in historical past.

The FBI says that it continues to work along with its legislation enforcement companions to “identify and disrupt North Korea’s theft and laundering of virtual currency, which is used to support North Korea’s ballistic missile and Weapons of Mass Destruction programs.”

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