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FBI Says North Korean Hacker Group Stole $100M in Cryptocurrency

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On Jan. 13, North Korean hackers used a privacy protocol called Railgun to launder more than $60 million worth of ethereum stolen during the June attack, the FBI said in a statement.

THE Lazarus Groupa group of hackers associated with North Koreaalso known as APT38, was responsible for the theft last June of 100 million dollars from the North American company of cryptocurrencies Harmony, informed the United States Federal Police (FBI).

On Jan. 13, North Korean hackers used a privacy protocol called Railgun to launder more than $60 million worth of ethereum stolen during the June attack, the FBI said in a statement.

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A portion of the stolen ethereum was later sent to various virtual asset providers and converted into bitcoin, the FBI said.

The FBI has said that North Korea’s theft and laundering of virtual currency is used to support its ballistic missile and weapons of mass destruction programs.

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In June of last year, California-based Harmony said a robbery hit its Horizon bridge digital currency infrastructure. A “bridge” in the world of cryptocurrencies It is a platform that can be used to transfer resources between different blockchains.

Harmony develops blockchains for decentralized finance — peer-to-peer sites that offer loans and other services without traditional gatekeepers like banks — and non-fungible tokens.

Source: Moneytimes

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