Based on new information from MistTrack, a crypto monitoring, and compliance platform, there was a traceable path left by the North Korean hacker group Lazarus Group.

The famend North Korean hacker group transferred funds from Concord Bridge to a number of completely different exchanges earlier than withdrawing them as Bitcoin (BTC). 

Different funds had been bridged to the Avalance (AVAX) community and had been routed to exchanges for conversion into Tether (USDT) and USDD (USDD). Subsequently, the funds had been transferred to Ethereum and Tron.  

This subtle apply probably permits attackers to hide their actions by disguising the origin and vacation spot of funds, in addition to making use of decentralized exchanges that normally function outdoors regular laws.

As such, even authorities businesses would encounter problem in making an attempt to maintain observe of those transactions because of their low visibility amongst a number of completely different networks.

Regardless of this complexity, MistTrack was capable of map out detailed details about the attacker’s journey together with transaction data.

North Korea is believed to be partaking in cybercrime with the intention to accumulate digital sources and struggle financial sanctions, which suggests the theft of cryptocurrency could possibly be one in every of its main motivations. The hermit nation doubtless sees crypto as an avenue to achieve entry to an enormous and unregulated monetary useful resource that can be utilized to evade current worldwide banking laws and help its personal state-sanctioned operations.