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

by SB Crypto Guru News
January 29, 2023
in Crypto Exchanges
Reading Time: 1 min read
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The Concord Bridge attackers, who stole $100 million price 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 obtained the laundered funds, the investigator reported. As well as, a few of the stolen property have been frozen by the receiving exchanges, ZachXBT stated.

Earlier this week, the Federal Bureau of Investigation (FBI) recognized 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 establish the attackers. As well as, a few 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 Concord Bridge assault appeared first on CryptoSlate.





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