Binance, Huobi team up to recover $2.5M from Harmony One hackers
Security teams at crypto exchanges Binance and Huobi worked together to freeze and recover 121 Bitcoin (BTC) from hackers behind the Harmony bridge exploit.
In a tweet, Binance CEO Changpeng Zhao announced that the hackers have tried to launder their funds through the Huobi exchange. After this was detected by Binance, they contacted and assisted Huobi to freeze and recover the digital assets deposited by the hackers.
We detected Harmony One hacker fund movement. They previously tried to launder through Binance and we froze his accounts. This time he used Huobi. We assisted Huobi team to freeze his accounts. Together, 124 BTC have been recovered. CeFi helping to keep DeFi #SAFU!
According to Zhao, the exchanges recovered a total of 121 BTC, which is estimated to be worth around $2.5 million at the time of writing.
In a recent post, on-chain crypto detective ZachXBT also highlighted prior to Binance and Huobi freezing and detecting the funds, the hackers behind the exploit were moving around 41,000 Ether (ETH), worth around $64 million in the last weekend.
1/2 North Korea’s Lazarus Group had a very busy weekend moving $63.5m (~41000 ETH) from the Harmony bridge hack through Railgun before consolidating funds and depositing on three different exchanges. pic.twitter.com/huDumaJeSh
According to the crypto sleuth, after moving the funds, the hackers consolidated and deposited the digital assets on three different crypto exchanges. However, the on-chain detective did not specify the names of the exchanges used by the exploiters.
Related: Backlash as Harmony proposes minting 4.97B tokens to reimburse victims
On Jun. 24, the Harmony team detected the exploit, reporting $100 million in funds compromised. The hack highlighted
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