Harmony has actually likewise used a last demand to the wrongdoer behind recently's $100 million Horizon bridge attack.
Key Takeaways
- Harmony is providing a $10 million bounty to the aggressor behind recently's $100 million Horizon Bridge hack.
- According to Elliptic, Lazarus Group might be accountable for the theft.
- The blockchain analytics company stated that the method the theft was carried out was "constant with activities of the Lazarus Group."
Elliptic has stated that there are "strong indicators" that North Korea's Lazarus Group is accountable for the attack.
Harmony Offers $10 M Bounty
Harmony states it has actually started a "worldwide manhunt" to discover the wrongdoer behind the Jun. 24 attack that saw $100 million worth of digital properties vanish from its cross-chain bridge, Horizon.
1/ Harmony has actually started an international manhunt for the criminal( s) who took $100 M from the Horizon bridge. All exchanges have actually been alerted. Police, @Chainalysis, and @AnChainAI have active examinations to determine the accountable stars and recuperate the taken properties.
-- Harmony (@harmonyprotocol) June 30, 2022
The group behind the Layer 1 blockchain published an upgrade on the event on Twitter early Thursday, stating that it had actually gotten in touch with police, Chainalysis, and AnChain.AI to assist determine the opponent.
It likewise provided the assaulter a last warning, promising to drop its examination if the funds were returned minus a $10 million bounty (Harmony at first used $1 million for the return of the funds). " Retain $10 M and return the staying taken quantity. In exchange, Harmony will stop its examination," a tweet read. Consistency is likewise using $10 million for details causing the safe return of the funds.
The upgrade likewise provided the aggressor a due date of 00: 00 UTC on Jul. 5 to start interaction.
Elliptic Blames Lazarus Group for $100 M Attack
While the examination is continuous without any enemy validated, the blockchain analytics firm Elliptic has actually declared that Lazarus Group might be accountable for the theft.
In a Wednesday article, the company stated that there are "strong signs" that the North Korean state-sponsored hacking group lagged the attack.
The post kept in mind how the aggressor has actually up until now washed around $39 countless the loot through the Ethereum mixer Tornado Cash in a quote to conceal their on-chain deal history. Elliptic stated that it had actually utilized demixing methods to trace the funds to a variety of brand-new wallets, keeping in mind that Lazarus might be accountable " based upon the nature of the hack and the subsequent laundering of the taken funds."
It included that the nature of the theft and cash laundering was "constant with activities of the Lazarus Group" and indicated the $550 million hack on Axie Infinity's Ronin Bridge. The U.S. Treasury Department and others blamed Lazarus for the Ronin attack in the fallout from the event.
The post even more included that the Harmony bridge theft was performed by jeopardizing a multi-signature wallet, likely through social engineering-- a practice Lazarus has actually taken part in on several events in the past. It likewise explained that the funds had actually been washed with routine little deposits in a possible automatic procedure, comparable to how the $550 million taken from Ronin was washed following the attack. Those accountable for the attack run on Asia-Pacific hours, Elliptic stated.
Disclosure: At the time of composing, the author of this piece owned ETH and a number of other cryptocurrencies.
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