N. Korean hackers launder $27.18M ETH stolen in Concord Bridge assault

The Concord Bridge attackers, who stole $100 million value of Ethereum (ETH) in June, are persevering with to launder their loot. The hackers laundered $27.18 million of the stolen ETH over the weekend, according to on-chain sleuth ZachXBT.

Six exchanges acquired the laundered funds, the investigator reported. As well as, a number of the stolen property had been frozen by the receiving exchanges, ZachXBT mentioned.

Earlier this week, the Federal Bureau of Investigation (FBI) identified North Korean hacking group Lazarus Group and its sub-unit APT38 because the culprits behind the Concord Bridge assault. The North Korean authorities funds the Lazarus Group and related organizations.

On Jan. 13, the hackers had laundered over $60 million of the stolen ETH, which helped the FBI determine the attackers. As well as, a number of the stolen funds had been frozen by the FBI with the assistance of exchanges.

The publish N. Korean hackers launder $27.18M ETH stolen in Harmony Bridge attack appeared first on CryptoSlate.

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