Lazarus moves funds – The ecosystem of cryptocurrencies it is often the target of hackers. Among them, the group of North Korean pirates, Lazarus group, is the source of many thefts. For their part, web investigators are closely following the embezzled funds.
Lazarus Group: The Million Dollar Hackers
Decentralized finance protocols are prime targets for hackers from all walks of life. They are particularly interesting prey for the Lazarus group, suspected of funding the North Korean government.
It would therefore appear that the group is behind the Harmony Bridge hack. He had stolen the equivalent of 100 million dollars on the cross-chain bridge protocol.
Also, so is the Lazarus Group suspected of carrying out the Ronin bridge attack, related to the Axie Infinity game.
More recently, a malware detected by Microsoft suggests that the activities of the Lazarus group are far from standing still.
Lazarus moves funds
On January 16, the crypto-investigator ZachXBT revealed the busy weekend that Lazarus’ group had just had.
Indeed, the group has moved the equivalent of $63 million to Ethereum. So, 41,000 ETH from the Harmony Bridge hack they moved around many times before being deposited on multiple exchanges.
“North Korean group Lazarus had a very busy weekend moving $63.5 million (~41,000 ETH) from Railgun’s Harmony Bridge hack before consolidating the funds and depositing them on three different exchanges. »
Basically, the hackers funneled the funds via the Railgun protocol. Indeed, Railgun it is a protocol that exploits zero knowledge to offer more anonymity to its users.
After a disastrous 2022 for DeFi in terms of losses, 2023 could prove to be worse. Indeed, nothing seems to indicate a trend change in the frequency of crypto hacks for 2023.
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