Cryptocurrency piracy continues.. a new $100 million attack

Cryptocurrency piracy continues.. a new $100 million attack
Cryptocurrency piracy continues.. a new $100 million attack
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The US Federal Bureau of Investigation announced Monday that two groups linked to North Korea were responsible for stealing $100 million in cryptocurrency in a cyberattack last year.

The FBI said, in a statement on its website, that “the Lazarus” and “APT38” groups carried out an attack on the US-based “Harmony’s Horizon Bridge” cryptocurrency platform, on June 24.

“The FBI continues to combat malicious cyber activity, including the threat that North Korea poses to the United States and our private sector partners,” he added.

“Through our investigation, we have been able to confirm that the Lazarus and APT38 groups, which are linked to North Korea, are responsible for the theft of $100 million in virtual currency from Harmony’s Horizon bridge,” the statement noted.

He continued, “We continue to identify and disrupt North Korea’s theft and laundering of virtual currencies, which are used to support its ballistic missile and weapons of mass destruction programs, through joint coordination with our various FBI agents. We will continue to detect and combat North Korea’s use of illegal activities, including crimes.” Internet and virtual currency theft, to generate revenue for the system.”

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A target for hackers

An example of software that allows encrypted tokens to move between blockchains has become an easy target for hackers, according to Bloomberg. Last year, $2 billion worth of crypto assets were stolen in 13 separate breaches. .

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On January 13, hackers linked to North Korea used a privacy protocol called “Railgun” to launder $60 million worth of ether, some of which was sent to several crypto exchanges and converted into bitcoins.

Last week, Chan Jeng Zhao, founder of the world’s largest crypto exchange Binance Holdings Ltd, said his company “helped Huobi freeze some funds and recover 124 bitcoins.”

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