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(Reuters) – Two North Korean hacking groups, the Lazarus Group and APT38, were hacked by US cryptocurrency firm Harmony’s Horizon Bridge in June last year, the FBI said on Thursday. He announced that he was involved in the theft of $100 million.
On January 13th, these groups used a privacy protocol called Railgun to launder more than $60 million worth of ether stolen in the June theft, the FBI said in a statement.
Some of the stolen Ethereum was then sent to multiple virtual asset providers and converted to Bitcoin, the FBI said.
The FBI said North Korea is stealing and laundering cryptocurrencies to support its ballistic missile and weapons of mass destruction programs.
Last June, California-based Harmony said a robbery hit Horizon Bridge, the underlying software used by digital tokens such as Bitcoin and Ether to transfer crypto between different blockchains. .
Reuters reported in June that North Korean hackers were most likely behind the attack on Harmony, citing three digital research firms.
Harmony is developing a blockchain for decentralized finance (peer-to-peer sites that offer loans and other services without traditional gatekeepers such as banks) and non-fungible tokens.
Reported by Sneha Bhowmik, Bangalore.Edited by Leslie Adler
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