Share this article
Atomic Wallet Hackers Use THORChain to Conceal Stolen $35M Funds
The hackers, believed to be North Korean hacking group Lazarus, have been using cross-chain bridges and liquidity protocols to mix stolen funds.
Updated Jun 20, 2023, 12:21 p.m. Published Jun 20, 2023, 10:55 a.m.
Make us preferred on Google
Hackers that targeted crypto wallet Atomic Wallet in a $35 million heist earlier this month have used cross-chain liquidity protocol THORChain to conceal their ill-gotten gains, according to blockchain sleuth MistTrack.
MistTrack states that 503.08 ether , or around $870,000, connected to the hack was transferred to THORChain in the last two days before being swapped for bitcoin .
STORY CONTINUES BELOW
No te pierdas otra historia.Suscríbete al boletín de Crypto Daybook Americas hoy. Ver todos los boletines
Some of the stolen ether was also bridged to multiple bitcoin addresses using the Swft blockchain, MistTrack said.
Last week, the hackers moved a portion of stolen funds to crypto exchange Garantex, which was sanctioned by the Office of Foreign Assets Control (OFAC) of the U.S. Treasury last April.
Blockchain security firm Elliptic said that it believes North Korean hacking group Lazarus are behind the attack.
THORChain's native token (RUNE) remains stable following the string of hack-related transactions, it trades at 84 cents having risen slightly in the past 24-hours, according to CoinMarketCap.
Plus pour vous
Spark looks to build building a safe bridge between onchain capital and TradFi
Spark is opening access to its $9 billion stablecoin liquidity pool for hedge funds and other institutions to bridge onchain capital with off-chain credit markets.
Ce qu'il:
- Spark has introduced Spark Prime and Spark Institutional Lending to serve hedge funds and other institutional crypto borrowers.
- The products allow access to more than $9 billion in on-chain stablecoin liquidity while keeping custody and risk controls off-chain.
- The move targets the much larger $33 billion off-chain crypto lending market, rather than DeFi alone.
Top Stories
