North Korean Hackers Attempt to Launder $27M in Ethereum

• North Korean hackers have attempted to launder an additional $27 million worth of Ethereum (ETH) after the FBI confirmed that two groups of North Korean government hackers were behind the Harmony Bridge attack.
• A Crypto Investigative Researcher has reported that the hackers have tried to move the funds through exchanges, similar to what they did with the $63.9 million on January 13th.
• Upon receiving notification, some exchanges acted quickly and frozen part of the stolen assets.

North Korean hackers have recently made an attempt to launder an additional $27 million worth of Ethereum (ETH) from the Harmony Bridge exploit. This incident has come to light just two weeks after the FBI confirmed the involvement of two groups of North Korean government hackers behind the attack.

A Crypto Investigative Researcher, ZachXBT, reported via Twitter on January 29th that the hackers had just finished laundering another $27.18 million from the Harmony Bridge exploit. The on-chain sleuth revealed that the funds were sent to six exchanges using three main wallet addresses, though he refrained from disclosing which platforms had received the ETH.

ZachXBT notified the exchanges of the transactions, and upon receiving the notification, some of them acted quickly to freeze part of the stolen assets. When asked how much was frozen, ZachXBT replied that it was up to the exchanges to disclose the information.

The incident has raised serious concerns about the safety of cryptocurrencies as it is believed that the North Korean hackers have been taking advantage of the inherent anonymity of blockchain technology for their money laundering activities. Experts have, therefore, urged exchanges to take strict measures to protect their users from such malicious activities. Furthermore, the recent incident has also highlighted the need for more stringent regulations to ensure the security of digital assets.