According to blockchain researcher MistTrack, hackers who stole $35 million in funds from Atomic Wallet used THORChain to hide the funds.
MistTrack stated that 503.08 ETH linked to the hack was transferred to THORChain in the past two days before being exchanged for BTC. MistTrack said that some of the stolen ETHs were also bridged to multiple Bitcoin addresses using the Swft blockchain.
Lazarus Is Thought To Be Behind The Attack
Hackers believed to be the North Korean hacking group Lazarus are using cross-chain bridges and liquidity protocols to scramble stolen funds.
Last week, hackers recovered some of the stolen funds in April. US Treasury Office of Foreign Assets ControlCrypto exchange sanctioned by (OFAC) Garantex carried it to. blockchain security firm elliptic said he believed the North Korean hacking group Lazarus was behind the attack. Atomic Wallet reported that users’ crypto portfolios were completely lost in the attack it was exposed to at the beginning of June. In a statement after the attack, the team stated that they received reports of users’ wallets being compromised and were working to investigate the situation.
CoinMarketCapTHORChain’s native crypto-asset remained stable following the hack-related transactions, trading slightly higher at 84 cents over the past 24 hours, according to THORChain.
