bitcoin
Bitcoin (BTC) $ 26,650.14
ethereum
Ethereum (ETH) $ 1,594.71
tether
Tether (USDT) $ 0.999916
bnb
BNB (BNB) $ 210.83
usd-coin
USDC (USDC) $ 0.999911
xrp
XRP (XRP) $ 0.511251
binance-usd
Binance USD (BUSD) $ 0.99977
dogecoin
Dogecoin (DOGE) $ 0.061531
cardano
Cardano (ADA) $ 0.244882
solana
Solana (SOL) $ 19.52
matic-network
Polygon (MATIC) $ 0.519636
polkadot
Polkadot (DOT) $ 4.01
tron
TRON (TRX) $ 0.08398
bitcoin
Bitcoin (BTC) $ 26,650.14
ethereum
Ethereum (ETH) $ 1,594.71
tether
Tether (USDT) $ 0.999916
bnb
BNB (BNB) $ 210.83
usd-coin
USDC (USDC) $ 0.999911
xrp
XRP (XRP) $ 0.511251
binance-usd
Binance USD (BUSD) $ 0.99977
dogecoin
Dogecoin (DOGE) $ 0.061531
cardano
Cardano (ADA) $ 0.244882
solana
Solana (SOL) $ 19.52
matic-network
Polygon (MATIC) $ 0.519636
polkadot
Polkadot (DOT) $ 4.01
tron
TRON (TRX) $ 0.08398
21.3 C
Chicago
HomeCoinsBitcoinBinance assists in recovering $3M from Concord bridge hack

Binance assists in recovering $3M from Concord bridge hack

Binance assisted Huobi in recovering 124 Bitcoin (BTC) — value $2.58 million — from the Concord bridge hacker, in accordance with Binance CEO Changpeng Zhao (CZ).

The hacker beforehand tried to make use of Binance to launder the stolen funds, however the account was frozen, in accordance with CZ’s tweet.

The collaboration between the 2 exchanges additionally foiled the hacker’s new makes an attempt to make use of Huobi, as confirmed by Huobi’s advisor Justin Solar.

$64 million on the transfer

In the meantime, on-chain sleuth ZachXBT reported on Jan. 16 that North Korea’s Lazarus Group moved 41,000 Ethereum (ETH) — value $64 million — from the Concord (ONE) Bridge hack over the weekend.

The funds’ switch originated in batches of 100 ETH from OFAC-sanctioned Twister Money to a different privateness platform, Railgun, in accordance with the chart shared by ZachXBT.

ZachXBT stated the funds have been later consolidated and deposited on three unnamed exchanges.

The actions have been first observed by the crypto compliance platform MistTrack on Jan. 14, tweeting {that a}n handle related to the Concord bridge exploit was on the transfer.

Following a $100 million Concord bridge hack on June 24, 2022, the layer-1 blockchain provided a $1 million bounty for the return of the funds. Blockchain analytical agency Elliptic later traced the assault to North Korea’s Lazarus Group.

The submit Binance assists in recovering $3M from Concord bridge hack appeared first on CryptoSlate.

CoinsTeacher

See also  Tech giants’ and Bitcoin’s dominance skew S&P 500, crypto market development charges

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Explore More

Related Articles