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 by means of 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 accountable for the 2022 assault on Concord’s Horizon Protocol.

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

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

Funds moved by means of a minimum of two alternate — 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 alternate.

Source link