The Lazarus Group, a notorious North Korean state-backed hacking group, is believed to have been involved in the theft of $100 million incryptocurrencies.
A cross-chain bridge that allows users to transfer their assets from one platform to another was the target of a malicious attack. The attacker stole 100 million dollars incryptocurrencies.
The Elliptic analysis states that the hackers used Tornado Cash to convert the stolen assets to ether. About 40% of the funds stolen have been sent to Tornado Cash.
Chainalysis supports Elliptic's findings about the hack.
The activities of the North Korean hackers are consistent with the activities of the Lazarus Group. The group has perpetrated several large cryptocurrencies thefts totaling over $2 billion, and has recently turned its attention to Defi services such as cross-chain bridges.
In April, the U.S. Treasury Department linked the North Korea-backed hacking group to the theft of $625 million in digital currency from the Ronin Network.
The attack was carried out by compromising the cryptographic keys of a multi-signature wallet, a technique commonly used by Lazarus Group, according to Elliptic.
Lazarus Group tends to focus on targets in the Asia- Pacific region. Many of the core team are from the Asia-Pacific region.
In a series of posts on Thursday, the company said that it has begun a global hunt for the criminal who stole $100 million. All exchanges have been made aware. There are active investigations by law enforcement, Chainalysis, and AnChainai to recover the stolen assets. We are giving one last chance for actors to return stolen assets.
If the funds were returned minus a $10 million bounty, the company would stop investigating. $10 million is offered for information that leads to the safe return of the funds.
Hacker exploits Harmony blockchain bridge, loots $100M in crypto
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