"North Korean Hackers Suspected to be Behind $100M Horizon Bridge Hack"

Based on comparisons to the Ronin bridge attack in March 2022, the North Korean-backed Lazarus Group is thought to be responsible for the recent $100 million cryptocurrency theft from Harmony Horizon Bridge. The discovery comes after Harmony announced that a hack had occurred last week on its Horizon Bridge platform, which enables users to transfer cryptocurrency across different blockchains. On June 23, the exploiter conducted a number of transactions to extract tokens housed in the bridge, and they later made off with around $100 million in bitcoin. Ether (ETH), Tether (USDT), Wrapped Bitcoin (WBTC), and BNB were among the stolen cryptocurrency assets, according to a recent study from blockchain analytics firm Elliptic. Days later, on June 27, the perpetrator allegedly started transferring cash totaling $39 million through the Tornado Cash mixer service in an effort to conceal the illicit proceeds and confuse the transaction trail leading back to the initial theft. Elliptic claimed it was in a position to further follow the stolen monies transferred through the service to a number of new Ethereum wallets after being able to "demix" the transactions. The company's attribution to the Lazarus Group stems from the threat actor's history of carrying out cryptocurrency thefts, including those targeting cross-chain bridges earlier this year, and how the funds were stolen and subsequently laundered. The heist was performed by compromising the multi-signature wallet's cryptographic keys, perhaps through social engineering attacks against Harmony team members. This article continues to discuss the Horizon Bridge hack and why Lazarus Group is suspected of having been behind it. 

THN reports "North Korean Hackers Suspected to be Behind $100M Horizon Bridge Hack"