Binance-Huobi Partnership Saves $1.4 Million In Cryptocurrency

Cryptocurrency exchanges Binance and Huobi have frozen $1.4 million in cryptocurrencies linked to the $100 million Harmony Horizon bridge attack.

On-chain analytics firm Elliptic has claimed it belongs to the Harmony bridge attacker. $1.4 million in crypto assets Binance and Huobi seized reported. Opera directed by EllipticThere was no detailed information about which cryptocurrencies were frozen.

Transactions confirmed by Elliptic and crypto detective ZachXBT North Korean hacker group Lazarus reveal that you belong laid. In Elliptic’s report on the subject, it was emphasized that Lazarus used different privacy mixers to anonymize the stolen funds, but these methods did not work.

CEO of Elliptic Simone MainiWhile stating that these steps are important for building trust in the crypto sector, prevent it from becoming a haven for criminals He stated that they took responsibility on their behalf.

Elliptic reported that it conveyed the intelligence to Binance and Huobi, and they also took immediate action to freeze Lazarus Group-linked accounts:

The stolen funds were dormant until recently. However, our researchers noticed that funds were moving towards exchanges in the last period. We have also promptly notified these exchanges (Binance and Huobi) of illegal deposits. Then they managed to suspend these accounts and freeze the funds.

As will be remembered, the attack on the Harmony Horizon bridge 24 June took place in history and the aggressors Ethereum (ETH) worth $100 million had stolen.


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