FBI confirmed Lazarus group behind Harmony $100 million hack

After several months, hackers stole $100 million worth of coins from the Harmony protocol last June. To get to the heart of the exploit, the FBI announced on Monday that the North Korean organization Lazarus Group is again behind the theft.

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The Lazarus group exploited the Harmony protocol earlier in June and stole $100 million worth of Ethereum tokens from Harmony using a privacy protocol called RAILGUN that hides an IP address and conducts transactions anonymously, much like using coin mixers, for Mango market.

The Lazarus group attacks the ethereum token on the Harmony protocol, but cannot move everything due to low transaction during hacking. They try to exchange the coin back to Bitcoin, and this causes the exchanges to stop the hackers from trading, but they quickly managed to send the exchange to 11 different Ethereum addresses.

CoinMixer has become a tool for hackers when they exploit, so the US government is working against all CoinMixing that hackers use to make anonymous transactions to beat the public transaction. Most of them direct transactions to Tornado Cash, Lazarus confirmed that they also use Tornado Cash for Harmony exploitation.

It has even been confirmed that the Lazarus group is not the only team behind a lot of hacking in crypto space, there is still a team of hackers in North Korea who are always disrupting the crypto system to steal.

The FBI has confirmed that the hacking group supports the Korean Missile, which means that this is not a private hack, someone from the government agencies is aware of their operation. Because just looking at the style of Lazarus hack Harmony via cross-chain bridge, it's the same strategy of the $600 million hack of Ronin Network that has to do with playtoarn games. And since 2016, the Korean group Lazarus and its co-robber APT38 have stolen assets worth more than $1 billion, according to the report.

The Lazarus group is everywhere, so don't consider projects without doing research. They also entered as venture capital in crypto space to lure money from people.

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