According To FBI, Lazarus Group And APT38 Hacked $100M Bridges

The FBI confirmed on Monday that Lazarus Group and APT 38 were behind the theft of $100 million from the proof-of-stake blockchain platform Harmony last June. They tried to hide the money by using the RAILGUN privacy protocol.

The FBI said on June 24 that the theft of $100 million worth of virtual currency from Harmony’s Horizon bridge was done by Lazarus Group and APT38, which are cyber actors with ties to North Korea. The Democratic People’s Republic of Korea was in charge of a malware campaign called “TraderTraitor,” according to the FBI and the Cybersecurity and Infrastructure Security Agency (CISA).

The hackers sent about $60 million worth of ETH through a privacy exchange called RAILGUN. The agency says that some virtual asset service providers worked to freeze some of that money.

The FBI said that the DPRK uses the money it gets from hacks like this to pay for its ballistic missile and weapons of mass destruction programs. In April last year, Lazarus Group was linked to the $600 million Ronin scam. The U.S. government warned that both groups were linked to stealing assets from crypto firms around the same time the Ronin exploit happened.