North Korean Hackers Actively Launder Funds Related To The Atomic Wallet Attack

North Korean hackers stole almost $100 million from Atomic Wallet customers, and the corporation has yet to give a convincing answer to the users’ concerns. Furthermore, despite being aware of the hack, the company did not inform its subscribers about their security. Currently, the hackers are actively seeking ways to launder the funds acquired in the attack.

North Korean Hackers Actively Launder Funds Related To The Atomic Wallet Attack

MistTrack has revealed that North Korean hackers are actively engaging in the money laundering of funds connected to the Atomic attack.

Over the past two days, a hacker address starting with 0xad3 has transferred 503.08 ETH to THORChain, converted it to BTC, and bridged it to a Bitcoin address starting with bc1q. These hackers have also utilized the SWFT Blockchain to move ETH to multiple BTC addresses.

Previously, MistTrack reported on June 15 that North Korean hackers were laundering stolen funds from Atomic using various smart contracts, employing the same money laundering method observed in the Harmony cross-chain bridge hacking incident.

Users of Atomic Wallet have reported significant losses of their entire cryptocurrency holdings due to a shocking vulnerability. Atomic Wallet operates as a decentralized non-custodial wallet, with the corporation assuming full responsibility for securely holding users’ funds. Therefore, this unforeseen breach has left the cryptocurrency community astounded.

An assessment conducted by Elliptic reveals that the damages resulting from the Atomic Wallet heist have exceeded $100 million. This alarming figure underscores the seriousness of the attack, which affected approximately 5,500 cryptocurrency wallets.

Despite the gravity of the situation, Atomic Wallet has yet to provide an explanation for the significant losses, leaving disgruntled customers increasingly concerned and eagerly seeking clarity and reassurance from the company.

Elliptic has identified the notorious Lazarus Group as the perpetrators behind this heist. The Lazarus Group is suspected of being involved in numerous thefts amounting to over $2 billion in cryptocurrency assets.

According to Elliptic, this marks the first time a major crypto heist has been directly attributed to the Lazarus Group since their $100 million Horizon Bridge attack in June 2022.

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