FBI Says North Korea Responsible For $100M Harmony Protocol Crypto Hack

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The FBI sayss that cybercriminals linked to the North Korean regime are responsible for an attack on a US-based crypto project, Harmony Protocol, which resulted in more than $100 million in losses last year.

Monday, the FBI published a brief statement explaining that he had recently completed an investigation confirming that the well-known North Korean hacker group known as “Lazarus” was responsible for the hack. The hack involved the targeting of a cryptographic “bridge” – a kind of digital asset transfer mechanism that became common targets for hackers in recent years. The attack, which took place last June, exploited security vulnerabilities in Harmony’s Ethereum-based bridge, Cointelgraph Reports.

Officials say that on January 13 this year, the money stolen during the heist ($60 million in tokens) was laundered by North Korean hackers into various crypto wallets using a privacy protocol known as “Railgun”. Some of these funds were then “frozen” by crypto service providers controlling wallets.

For years, cybercriminals have connected to the Hermit Kingdom were blamed for high-level hacks on web3 projects. Researchers say DPKR hackers don’t just line their pockets, but frequently use money stolen from crypto hacks to help fund regime initiatives, including its nuclear weapons program. Last year, the Lazarus group also reportedly compromised Ronin’s bridgea popular crypto project. The pirates finally got away with more than $600 million in assets, making it one of the biggest crypto heists in history.

The FBI says it continues to work with its law enforcement partners to “identify and disrupt the theft and laundering of virtual currency by North Korea, which is used to support ballistic missile and North Korea’s weapons of mass destruction”.

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