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N. Korean hackers launder $27.18M ETH stolen in Harmony Bridge attack

The Lazarus Group, which is responsible for the hack, previously moved over $60 million of the stolen funds on Jan. 13.

Monika Ghosh
Monika Ghosh
Published
N. Korean hackers launder $27.18M ETH stolen in Harmony Bridge attack

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

The Harmony Bridge attackers, who stole $100 million worth of Ethereum (ETH) in June, are continuing to launder their loot. The hackers laundered $27.18 million of the stolen ETH over the weekend, according to on-chain sleuth ZachXBT.

Six exchanges received the laundered funds, the investigator reported. In addition, some of the stolen assets were frozen by the receiving exchanges, ZachXBT said.

Earlier this week, the Federal Bureau of Investigation (FBI) identified North Korean hacking organization Lazarus Group and its sub-unit APT38 as the culprits behind the Harmony Bridge attack. The North Korean government funds the Lazarus Group and associated organizations.

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On Jan. 13, the hackers had laundered over $60 million of the stolen ETH, which helped the FBI identify the attackers. In addition, some of the stolen funds had been frozen by the FBI with the help of exchanges.

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Hacks Crime
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Monika Ghosh
Monika Ghosh
Former Reporter CryptoSlate

In 2020, Monika immersed herself in crypto, maintaining skepticism yet firmly believing blockchain could address key issues like financial disparity and transparency. A book-lover, she's also a passionate food enthusiast.

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