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Altcoin | Breaking Cybersecurity News | The Hacker News
North Korean Hackers Suspected to be Behind $100M Horizon Bridge Hack
Jun 30, 2022
The notorious North Korea-backed hacking collective Lazarus Group is suspected to be behind the recent $100 million altcoin theft from Harmony Horizon Bridge, citing similarities to the Ronin bridge attack in March 2022. The finding comes as Harmony confirmed that its Horizon Bridge, a platform that allows users to move cryptocurrency across different blockchains, had been breached last week. The incident involved the exploiter carrying out multiple transactions on June 23 that extracted tokens stored in the bridge and subsequently making away with about $100 million in cryptocurrency. "The stolen crypto assets included Ether (ETH), Tether (USDT), Wrapped Bitcoin (WBTC) and BNB," blockchain analytics company Elliptic said in a new report. "The thief immediately used Uniswap – a decentralized exchange (DEX) – to convert much of these assets into a total of 85,837 ETH." Days later, on June 27, the culprit is said to have begun moving funds amounting to $
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