North Korean hackers launder $27M ETH from Concord Bridge assault


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North Korean exploiters behind the Concord Bridge assault proceed to launder the funds stolen in June 2022. In keeping with on-chain information revealed on Jan. 28 by blockchain sleuth ZachXBT, the perpetrators moved one other $27.18 million in Ethereum (ETH) over the weekend.

The tokens had been transferred to 6 completely different crypto exchanges, noted ZachXBT in a Twitter thread, with out disclosing which platforms had acquired the tokens. Three essential addresses carried out the transactions.

In keeping with ZachXBT, exchanges had been notified in regards to the funds switch and a part of the stolen belongings had been frozen. The actions made by the exploiters to launder the cash had been similar to these taken on Jan. 13, when over $60 million was laundered, famous the crypto detective.

The funds had been moved a number of days after the Federal Bureau of Investigation (FBI) confirmed the Lazarus Group and APT38 because the criminals behind the $100 million hack. In a press release, the FBI famous that “via our investigation, we had been in a position to affirm that the Lazarus Group and APT38, cyber actors associated with the DPRK, are liable for the theft of $100 million of digital forex from Concord’s Horizon bridge.”

Associated: ‘Nobody is holding them back’ — North Korean cyber-attack threat rises

The Concord Bridge facilitates switch between Concord and the Ethereum community, Binance Chain and Bitcoin. A variety of tokens price about $100 million were stolen from the platform on Jun. 23.

Following the exploit, 85,700 Ether was processed via the Twister Money mixer and deposited at a number of addresses. On Jan. 13, the hackers began shifting round $60 million price of the stolen funds by way of the Ethereum-based privateness protocol RAILGUN. In keeping with an evaluation from crypto monitoring platform MistTrack, 350 addresses have been associated with the assault via many exchanges in an try and keep away from identification.

Lazarus is a well known hacking syndicate that has been implicated in plenty of key crypto trade breaches, together with the $600 million Ronin Bridge hack final March.