$100 Million Horizon Bridge Theft: FBI Points To North Korea

The Federal Bureau of Investigation (FBI) has said that a pair of North Korean hacker groups were responsible for the theft of $100 million in crypto assets from Horizon Bridge.

Horizon Bridge is a service enabling crypto assets to be traded between the Harmony blockchain and other blockchains.

In June 2022, Horizon Bridge was drained of ether (ETH), tether (USDT), and wrapped bitcoin (wBTC).

The FBI said that the hackers were “cyber actors associated with the Democratic People’s Republic of Korea."

The hackers tapped a malware campaign known as “TraderTraitor” in the Harmony attack.

According to the FBI, North Korea’s thefts of crypto and laundering of the assets are used “to support North Korea’s ballistic missile and Weapons of Mass Destruction programs.”

North Korea’s notorious hacking group, Lazarus had previously been accused of stealing more than $600 million of cryptocurrency from the Axie Infinity-linked Ronin bridge.

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