The FBI has confirmed that North Korea's Lazarus Group was behind the $100M hack on Harmony last year.
The hackers used RAILGUN, a privacy protocol, to obscure their transactions.
More:
- The Lazarus Group is a cybercrime group, also known as Hidden Cobra or APT38, and operates out of North Korea.
- The hack occurred on a cross-chain bridge connecting Harmony to Ethereum, Bitcoin, and Binance Chain.
- Other hacks include Ronin Network for $622M in April 2022.
- Several efforts have been made by U.S. authorities to protect investors.
- Last year, the Treasury Department banned Tornado Cash, citing that it was being used by Lazarus Group for money laundering.
Zoom out:
- Inside Cryptocurrency asked ChatGPT about the Lazurus Group, and it responded with the following information:
- The group is believed to be responsible for several high-profile cyberattacks, including the Sony Pictures hack in 2014, the WannaCry ransomware attack in 2017, and the theft of $81 million from the Bangladesh Central Bank in 2016.
- The group is thought to be sponsored by the North Korean government and is believed to be focused on stealing money and information for the regime.
