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FBI says North Korea-related group behind $100 million crypto hack

North Korea has a history of stealing cryptocurrency.

Published: January 26, 2023 7:05am

Updated: January 26, 2023 7:34am

A hacking group associated with North Korea is responsible for stealing $100 million in cryptocurrency from the U.S. digital currency firm Harmony's Horizon bridge, according to the FBI.

The Lazarus Group, also known as APT38, stole $100 million from the U.S. firm in June 2022, the FBI said Monday.

Investigators also said that earlier this month "North Korean cyber actors used RAILGUN, a privacy protocol, to launder over $60 million worth of ethereum (ETH) stolen during the June 2022 heist."

The FBI said the digital currency is used to support the communist country's production of ballistic missiles and weapons of mass destruction.

The California-based Harmony said in June last year that its Horizon bridge, which is used to transfer crypto, was hit by a heist, Reuters reported.

North Korea has a history of stealing cryptocurrency.

For example, in 2011, the Justice Department charged three North Korean men, all identified as members of the Lazarus Group, with allegedly stealing and extorting over $1.3 billion in money and cryptocurrency.

The men are still at large.

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