Lazarus Group Moves 41,000 Ethereum Nabbed From Harmony Bridge Hack

North Korea-linked cybercrime syndicate Lazarus Group has reportedly transferred $63.4 million in Ethereum from 2022’s mammoth Harmony bridge hack, depositing it on Binance, Huobi, and OKX.

According to on-chain sleuth ZachXBT, the group used the privacy and anonymity system Railgun before consolidating the funds and depositing them on the exchanges.

Railgun is an Ethereum-based smart contract system that lets users obscure the nature of their crypto transactions, removing identifying information.

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