Harmony hacker moves $726k worth of stolen WETH Harmony hacker moves $726k worth of stolen WETH
The new wallet received 463.82 WETH across five transactions and has remained dormant — without inflows or outflows for roughly an hour as of press time.
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Updated: Feb. 3, 2023 at 12:14 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The Harmony Bridge moved 463.82 Wrapped Ethereum (WETH) — worth roughly $726,000 — of stolen funds into “0xA60C37d8362F6adf61317Bf6306A52d8087127Da” on Feb. 3.
The new wallet received 463.82 WETH across five transactions and has remained dormant — without inflows or outflows for roughly an hour as of press time.
Blockchain investigator ZachXBT tweeted about the shift in stolen funds, including a detailed mapping of the funds’ movement through numerous wallets.
The case so far
On Jan. 23, the Federal Bureau of Investigation (FBI) confirmed that the North Korean Lazarus Group was responsible for the 2022 attack on Harmony’s Horizon Protocol.
The FBI said that Lazarus Group and its associated groups were sponsored by the North Korean government and that the FBI were working to recover the stolen crypto.
On Jan. 31, on-chain analysis revealed that the hacker was attempting to move some of the illicit funds using exchanges and the smart contract “Zero Knowledge Proof” system Railgun.
Funds moved through at least two exchange — Binance and Huobi — were frozen. Binance assisted in recovering 124 Bitcoin (BTC) — worth $2.58 million — when the hacker attempted to launder the stolen funds on the exchange.
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Author 
Josh O'Sullivan
Josh has been writing for a decade and is passionate about mainstream crypto adoption, bringing positive financial change to the masses through crypto and decentralized finance as a whole.
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In this article
Ethereum
$3,279.03
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Bitcoin
$96,698.05
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Binance
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
HTX
Huobi, a virtual asset exchange, launched a revised branding strategy on September 13, 2023, where “Huobi” will be rebranded as “HTX.” “H” stands for Huobi, “T” represents TRON with a commitment to being all in TRON, and “X” stands for the exchange.
ZachXBT is an independent on-chain sleuth who is popular on revealing bad actors in the crypto space.
