As per the newest report, the infamous Lazarus Group from North Korea is behind the $100-million hack of the Horizon bridge. As per the Bloomberg report, London-based Elliptic Enterprises was actively monitoring the stole funds and has come to this conclusion.
Washington believes that the Lazarus Group has been working beneath the directions of North Korea’s clandestine intelligence company. The report from Elliptic notes:
The theft was perpetrated by compromising the cryptographic keys of a multi-signature pockets – possible by means of a social engineering assault on Concord workforce members. Such methods have often been utilized by the Lazarus Group.
The report additional states that the Elliptic Group has been perpetrating a number of such thefts totaling over $2 billion. The Group can also be believed to be behind the $540-million hack of Ronin Bridge earlier this yr.
The hackers have already transformed all stoled property into ETH and have already began mixing the funds in crypto mixer Twister Money as a way to launder proceeds and masks the traceability of funds. As of June 27, greater than 35,000 ETH value practically $40 million have been despatched to Twister Money and the remainder are in course of.
Concord Protocol Kickstarts International Manhunt
On Tuesday, June 29, Concord appointed blockchain evaluation agency Chainalysis to hint the culprits behind the hack. Earlier, Concord Protocol additionally supplied $1 million in bounty rewards for the hacker to return $100 million and warranted no legal proceedings.
Nonetheless, within the newest update, Concord hass up to date the bid of reward to $10 million. For its closing phrases of negoatiation, Concord stated: “We’re offering one FINAL alternative for the actor(s) to return stolen property with anonymity. Our FINAL time period is under. Retain $10M and return the remaining stolen quantity. In alternate, Concord will stop its investigation”. Concord has offered a deadline of July 4 for the hackers to return the fund.
Moreover, Concord additionally introduced that it has kickstarted world mahunt. It notes:
Concord has begun a world manhunt for the legal(s) who stole $100M from the Horizon bridge. All exchanges have been notified. Regulation enforcement, @Chainalysis, and @AnChainAI have energetic investigations to determine the accountable actors and get well the stolen property.
The introduced content material might embody the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability to your private monetary loss.
