Binance and Huobi recover 121 BTC from Harmony bridge hackers

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  • The Harmony Bridge hack happened in June last year and caused over $100 million in damage
  • 121 bitcoins have been recovered by Huobi and Binance security teams.
  • Hackers were moving around $64 million worth of ETH over the weekend.

Seven months after one of the biggest crypto heists of 2022, industry players are still optimistic about recovering the stolen funds. in the weekends, binance And Huobi teams together froze and recovered 121 bitcoins that the Harmony Bridge hackers were trying to launder.

according to a Tweet by Binance CEOChangpeng Zhao, hackers tried to launder 121 bitcoins worth about $2.5 million on the Huobi exchange, and Binance detected the move and alerted Huobi. Binance then proceeded to help Huobi freeze and recover crypto assets that had already been frozen by the hackers.

Prior to the bitcoin recovery by Huobi and Binance, on-chain crypto spy ZachXBT tweeted saying that hackers were moving 41,000 ETH worth about $64 million over the weekend.

Laundering seven months after the hack

The hack was detected by the Harmony One team on June 24, 2022, and reported that approximately $100 million worth of crypto assets were lost in the hack. The hackers, who were identified on June 30 as the infamous North Korean Lazarus group, exploited the insurgents securing the Horizon Bridge.

After hacking, attackers run laundering programs to move stolen assets.

According to ZachXBT, the hackers deposited the stolen crypto assets into three crypto exchanges, though he did not specify these exchanges.

However, judging by the recent developments, it is most likely that Huobi is one of the exchanges that the attackers are trying to take advantage of.

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