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    Binance aids in recouping $3M from Consistency bridge hack

    Justin DoomBy Justin Doom16.01.2023Updated:16.01.2023No Comments2 Mins Read
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    North Korea’s Lazarus Team relocated 41,000 Ethereum (approximately $64 million) from the Consistency Bridge hack over the weekend break, according to ZachXBT.

    Binance assists in recovering $3M from Harmony bridge hack

    Binance assists in recovering $3M from Harmony bridge hack

    Binance helped Huobi in recouping 124 Bitcoin (BTC)– worth $2.58 million– from the Consistency bridge cyberpunk, according to Binance chief executive officer Changpeng Zhao (CZ).

    The cyberpunk formerly attempted to make use of Binance to wash the swiped funds, yet the account was iced up, according to CZ’s tweet.

    The partnership in between both exchanges likewise handicapped the cyberpunk’s brand-new efforts to make use of Huobi, as verified by Huobi’s consultant Justin Sunlight.

    $ 64 million on the step

    At the same time, on-chain sleuth ZachXBT reported on Jan. 16 that North Korea’s Lazarus Team relocated 41,000 Ethereum (ETH)– worth $64 million– from the Consistency (ONE) Bridge hack over the weekend break.

    The funds’ transfer came from sets of 100 ETH from OFAC-sanctioned Hurricane Cash money to one more personal privacy system, Railgun, according to the graph shared by ZachXBT.

    ZachXBT stated the funds were later on combined as well as transferred on 3 unrevealed exchanges.

    The motions were initial seen by the crypto conformity system MistTrack on Jan. 14, tweeting that an address connected with the Consistency bridge make use of was on the step.

    Adhering To a $100 million Consistency bridge hack on June 24, 2022, the layer-1 blockchain used a $1 million bounty for the return of the funds. Blockchain logical company Elliptic later mapped the strike to North Korea’s Lazarus Team.

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    Justin is US News Editor at Cryptomag and manages the site on weekends. He's a former editor at ABC News, former reporter at Bloomberg, and former contributor to The Atlantic, Sports Illustrated, and the Arizona Republic. He taught journalism at Arizona State University and was a Knight-Bagehot Fellow at the Columbia University Graduate School of Journalism.

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