Cryptocurrency Heist Redux: Lazarus Group Resumes Crypto Laundering via Tornado Cash
Despite facing US-imposed sanctions, North Korea’s notorious Lazarus Group Cryptocurrency Hack has resumed its illegal operations of money laundering through the use of stolen cryptocurrency, specifically via Tornado Cash. This startling revelation was made by Elliptic, a leading analytics firm. The firm discovered that the hackers have shifted cryptocurrency, with an estimated worth of $12 million, into Tornado’s digital wallets beginning from March 13. The illicit funds were originally pilfered in November from the cryptocurrency exchange HTX along with its associated cross-chain bridge, HTX Eco Chain, or HECO in short. This unfortunate incident resulted in the hot wallets on the HTX exchange becoming lighter by $30 million, and the HECO Chain was compromised for a staggering $86.6 million on the same fateful day. The ill-gotten funds were subsequently converted into EtherEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. More (ETHEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. More) via decentralizedWith normal currency, banks and governments control everything – they’re the central authority. But cryptocurrencies work differently! Instead of one central group calling all the... More exchanges and remained dormant until recently. The Lazarus Group Cryptocurrency Hack is a stark reminder of the dark side of the digital currency world, and the need for constant vigilance and stringent security measures to safeguard against such malicious activities.
Not financial advice. Always be safe and secure when dealing with cryptocurrency. Never send anyone your private key. Always Do Your Own Research..DYOR..DYOR..DYOR!
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