FBI Says Hacker Group Linked to North Korea Behind Crypto Firm Heist

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A group of hackers associated with North Korea, the Lazarus Group, also known as APT38, was responsible for last June theft of $100 million from US crypto firm Harmony’s Horizon bridge, it said on Monday. the Federal Bureau of Investigation.

On January 13, North Korean cyber actors used a privacy protocol called Railgun to launder more than $60 million worth of Ethereum stolen in the June robbery, the FBI said in a statement.

Some of the stolen Ethereum was then sent to several virtual asset providers and converted into bitcoin, the FBI said.

The FBI said North Korea’s theft and laundering of virtual currency is used to support its ballistic missile and weapons of mass destruction programs.

In June last year, California-based Harmony said a heist had hit its Horizon Bridge, which was the underlying software used by digital tokens such as bitcoin and ether to transfer crypto. between different blockchains.

In June, Reuters reported that North Korean hackers were most likely behind the attack on Harmony, citing three digital investigative firms.

Harmony develops blockchains for decentralized finance — peer-to-peer sites that offer loans and other services without traditional custodians like banks — and non-fungible tokens.

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