The assets were stolen on June 23, Horizon Bridgea service operated by the Harmony blockchain that allows assets to be transferred to other blockchains, three digital research firms have concluded.
“Preliminarily, this looks like a hack of North Korea based on transaction behavior,” said Nick Carlsen, a former FBI analyst who now investigates North Korean cryptocurrency thefts for TRM Labs, a US-based company. .
If confirmed, last week’s attack would be the eighth this year involving $1 billion in stolen funds, which could be confidently attributed to North Korea.Chainalysis said. Thefts account for 60% of all funds stolen so far this year, she added.
If the cryptocurrency crash continues, experts believe Pyongyang could turn to other ways to finance its nuclear and missile programs.
The regime has invested resources in cryptocurrency theft in recent years and was responsible for one of the largest crypto heists on record in March, in which nearly $615 million was stolen, according to the US Treasury.
Source: Ambito
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