Harmony_Horizon_Bridge_Hack_P1_briefing_note_final.pdf (5 MB)

As a result, Elliptic was the first to attribute the hack to APT38 – otherwise known as The Lazarus Group – within days of the hack. They were also able to complete a detailed analysis of this exploit’s characteristics, as well as subsequent laundering typologies. These cryptoassets were swapped for Ether and laundered through the now-sanctioned Tornado Cash. On June 24th 2022, the Harmony “Horizon Bridge” was hacked and thieves stole a variety of cryptoassets with a total value of $99.6 million.