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bitcoin
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bitcoin
Bitcoin (BTC) $ 64,733.34
ethereum
Ethereum (ETH) $ 3,467.34
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 577.05
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.584946
binance-usd
BUSD (BUSD) $ 1.01
dogecoin
Dogecoin (DOGE) $ 0.125214
cardano
Cardano (ADA) $ 0.446141
solana
Solana (SOL) $ 158.61
matic-network
Polygon (MATIC) $ 0.544431
polkadot
Polkadot (DOT) $ 6.45
tron
TRON (TRX) $ 0.134394
More

    Concord hacker strikes $726k price of stolen WETH

    Latest News

    The Concord Bridge moved 463.82 Wrapped Ethereum (WETH) — price roughly $726,000 — of stolen funds into “0xA60C37d8362F6adf61317Bf6306A52d8087127Da” on Feb. 3.

    The brand new pockets obtained 463.82 WETH throughout 5 transactions and has remained dormant — with out inflows or outflows for roughly an hour as of press time.

    Harmony Bridge stolen funds on the move (Source: Etherscan)
    Concord Bridge stolen funds on the transfer (Supply: Etherscan)

    Blockchain investigator ZachXBT tweeted concerning the shift in stolen funds, together with an in depth mapping of the funds’ motion via quite a few wallets.

    Source: ZachXBT
    Supply: ZachXBT

    The case thus far

    On Jan. 23, the Federal Bureau of Investigation (FBI) confirmed that the North Korean Lazarus Group was chargeable for the 2022 assault on Concord’s Horizon Protocol.

    The FBI mentioned that Lazarus Group and its related teams had been sponsored by the North Korean authorities and that the FBI had been working to get well the stolen crypto.

    On Jan. 31, on-chain evaluation revealed that the hacker was making an attempt to maneuver a few of the illicit funds utilizing exchanges and the good contract “Zero Information Proof” system Railgun.

    Funds moved via a minimum of two change — Binance and Huobi — had been frozen. Binance assisted in recovering 124 Bitcoin (BTC) — price $2.58 million — when the hacker tried to launder the stolen funds on the change.

    See also  FTT Outperforms Main Altcoins Regardless of Market Slowdown: Santiment

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