North Korean Hackers’ $12M Ethereum Laundering Via Tornado Cash Unveiled

It has been reported that North Korean hackers associated with the Lazarus Group have exploited Tornado Cash in a recent development to launder approximately $12 million worth of stolen Ethereum (ETH) in the last 24 hours, using the coin mix-up service Tornado Cash. 

According to blockchain analytics firm Elliptic and experts from other organizations, the Lazarus Group was responsible for the theft of $100 million in cryptocurrency from HTX and its HECO Bridge in November of 2023, according to blockchain analytics firm Elliptic.

HTX, a cryptocurrency exchange, and its cross-chain bridge, HTX Eco Chain, or HECO, have been flagged by the analytics firm Elliptic as being engaged in on-chain activity since March 13 indicating that Lazarus Group hackers have transferred cryptocurrency worth $12 million to Tornado’s wallets. 

A decentralized and non-custodial privacy tool, Tornado Cash was stolen in November from the cryptocurrency exchange HTX and its cross-chain bridge, HTX Eco Chain. Tornado Cash is a blockchain-based decentralized, non-custodial cryptocurrency.

It is a smart contract-based system that allows users to deposit ETH and ERC-20 tokens at one address and then withdraw them at another address with the help of smart contracts. 

This service and others that blend tokens from different sources to disguise funds are known as Tornado Cash and other mixers. The US Tre

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