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The FBI reported that it was “able to confirm” that Lazarus Group, also known as APT38, was behind the theft of around 100$ million in cryptocurrency.
The hackers targeted Horizon, a so-called blockchain bridge developed by U.S. crypto start-up Horizon. The tool is used by crypto traders to swap tokens between different networks.
The FBI also said that the North Korean cyber actors this month used the Railgun system to launder over $60 million worth of the token ether stolen during the June 2022 heist. Railgun is a system designed to help preserve the anonymity of people moving cryptocurrency.
A portion of the stolen ether was sent to several virtual asset service providers and converted to bitcoin, the FBI said to CNBC.
At the time of the hack, blockchain analytics firm Elliptic said that there were “strong indications” that Lazarus was behind the attack. Almost immediately, the hackers were attempting to move the funds around through means to obfuscate their identity.
The FBI said it continues “to identify and disrupt North Korea’s theft and laundering of virtual currency, which is used to support North Korea’s ballistic missile and Weapons of Mass Destruction programs.”
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