Suspected North Korean hackers move $63.5 million in ether sto | CryptoExplorer ✪

Suspected North Korean hackers move $63.5 million in ether stolen from Horizon bridge
The hackers transferred 41,000 ETH ($63.5 million) through over 350 different addresses in the past few days, said ZachXBT, who aggregated on-chain data and identified these suspicious transactions. On Jan. 13, hackers started moving these funds to Railgun, a privacy-focused exchange built directly on the Ethereum blockchain that acts as a mixer, making transactions hard to trace. Such protocols can often be infallible especially when there’s large amounts of funds moving through them in identifiable patterns or clusters of transactions. At least one centralized exchange has frozen a portion of these assets. Binance CEO Changpeng Zhao said his team was able to seize 124 bitcoin ($2.6 million). The details of how much was transferred to each exchange and how much the hackers were able to successfully launder assets through them remain unclear, ZachXBT noted. Read more