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tron
TRON (TRX) $ 0.063157
bitcoin
Bitcoin (BTC) $ 23,045.17
ethereum
Ethereum (ETH) $ 1,577.47
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 306.86
usd-coin
USD Coin (USDC) $ 0.999873
xrp
XRP (XRP) $ 0.411469
binance-usd
Binance USD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.08853
cardano
Cardano (ADA) $ 0.385306
solana
Solana (SOL) $ 24.12
matic-network
Polygon (MATIC) $ 1.14
polkadot
Polkadot (DOT) $ 6.43
tron
TRON (TRX) $ 0.063157
Saturday, January 28, 2023
HomeCoinsEthereumBinance 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 mentioned the funds have been later consolidated and deposited on three unnamed exchanges.

The actions have been first seen 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.

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