Binance and Huobi froze $2.58 million in BTC linked to the Harmony One hack

Binance and Huobi security teams froze and restored access to 124 BTC worth $2.58 million, stolen in the Horizon cross-chain bridge hack valued at $100 million.

We detected Harmony One hacker fund movement. They previously tried to launder through Binance and we froze his accounts. This time he used Huobi. We assisted Huobi team to freeze his accounts. Together, 124 BTC have been recovered. CeFi helping to keep DeFi #SAFU! 🙏

— CZ 🔶 Binance (@cz_binance) January 16, 2023

«We detected the hackers’ movement of funds, attacking Harmony One. Earlier they tried to launder money through Binance, and we froze their accounts. This time they used Huobi. We helped the exchange team block the assets», — said Binance CEO Changpeng Zhao.

According to analytics firm ZachXBT, on January 13-14 the attackers moved about 41,000 ETH tied to the hack, worth $63.5 million, through Railgun, before consolidating the funds and depositing them on three different exchanges. Their names were not disclosed. The hackers used more than 350 addresses to do this.

1/2 North Korea’s Lazarus Group had a very busy weekend moving $63.5m (~41000 ETH) from the Harmony bridge hack through Railgun before consolidating funds and depositing on three different exchanges. pic.twitter.com/huDumaJeSh

— ZachXBT (@zachxbt) January 15, 2023

Elliptic believe that the Horizon attack may be attributed to the North Korea–linked Lazarus group. It is involved in the Ronin cross-chain bridge attack.

In September, the Harmony unveiled a new plan to compensate Horizon hack victims.

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