Crypto tracker gets path of funds heisted from Consistency Bridge in June
Crypto tracking platform MistTrack has actually followed funds taken in the Consistency bridge hack and made 350 addresses connected with the attack public. North Korea’s state-sponsored Lazarus Group is believed to lag the hack. According to a Twitter thread published on Jan. 23, the funds were moved through different exchanges in an effort to avoid trackers.
Funds in a variety of tokens worth about $100 million were taken from the Consistency bridge on June 23, 2022, then rapidly switched for Bitcoin (BTC), according to MistTrack, and went back to the wallet they had actually initially been moved to. The bridge assists in transfer in between Consistency and the Ethereum network, Binance Chain and Bitcoin. Consistency used $1 million for the return of the funds, however the deal was declined.
Rather, the hackers, who were later on determined as the North Korean Lazarus Group, ran 85,700 Ether (ETH) through the Twister Money mixer and transferred them at a number of addresses, where they stayed till Jan. 13, when they were moved to a Railgun, a personal privacy system on Ethereum that supplies anonymization. From there, they were moved to the addresses determined.
New Updates on the Consistency Bridge Hack
On June 23rd of 2022, the Consistency bridge succumbed to a disastrous attack that led to a loss of around $100 million.https:// t.co/ Rlcl8Jj0s2
— MistTrack þ 0f; (@MistTrack_io) January 23, 2023
Other funds were moved to the Avalanche (AVAX) blockchain, where they were exchanged for Tether (USDT) or Tron’s USDD token and ultimately transferred into addresses on the Ethereum and Tron networks.
Related: ‘No one is holding them back’– North Korean cyber-attack danger increases
Some development has actually been made on recuperating the taken funds. Binance CEO Changpeng Zhao (CZ) revealed by means of Twitter on Jan. 15 that 121 BTC had actually been recuperated from the Huobi exchange after Binance found their existence there.
Consistency proposed minting brand-new native ONE tokens to repay a few of the 65,000 wallets that had actually suffered losses from the hack, however that concept showed undesirable and rather it revealed a strategy in September to repay the losses out of its treasury. In November, Consistency stated it was including 7 coins from the jeopardized bridge that were untouched by the hack to its brand-new LayerZero bridge, therefore making it possible for holders of the coins to move them off the network.
Extra reporting by Tom Blackstone.