North Korean hackers are most likely to be behind an attack last week that stole as much as $100m (R1.6bn) in cryptocurrency from a US company, three digital investigative firms have concluded.
The cryptoassets were stolen on June 23 from Horizon Bridge, a service operated by the Harmony blockchain that allows assets to be transferred to other blockchains.
The style of attack and high velocity of structured payments to a mixer — used to obscure the origin of funds — is similar to previous attacks attributed to North Korea-linked actors, Chainalysis, a blockchain firm working with Harmony to investigate the attack, said on Twitter.
“The thief is attempting to break the transaction trail back to the original theft,” the report said. “This makes it easier to cash out the funds at an exchange.”
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