North Korean attackers responsible for $100 million Harmony hack, according to reports
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North Korean attackers responsible for $100 million Harmony hack, according to reports
Analysis implies that the Lazarus Group, which Pyongyang supported and was responsible for the $622 million Axie Infinity hack, is behind the current breach.
The similarity between the two cross-chain bridge assaults is one sign that Lazarus is probably involved, according to Elliptic's study.
Lazarus prefers to target individuals from Asia, likely due to the languages used. Interestingly, many members of the Harmony team have links to the Asia Pacific region.
Furthermore, the only times the hackers have stopped offloading laundered funds are at night in the Asia Pacific region.
The EU has finalized its crypto anti-money laundering rules.
According to the regulations, companies that provide services for crypto-assets must gather and keep records of information identifying the parties to cryptocurrency transactions and submit such information to investigators upon request.
The rule applies to all transactions involving service providers, including cryptocurrency exchanges, and has "no minimum thresholds nor exemptions for low-value transfers."
Transfers between people utilizing wallets that don't use a service provider are exempt from the restriction. This indicates, for instance, that anti-money laundering checks would not be performed on an Ethereum transaction between two MetaMask wallets.
MicroStrategy invests another $10 million in bitcoin. Despite the price dropping below $20K.
MicroStrategy, a cloud software company, announced another Bitcoin purchase today, this time for $10 million, despite the asset's price falling below $20,000.
According to CEO Michael Saylor's statements, the tech firm has now spent more than $3.98 billion on Bitcoin and owns 129,699 digital coins. It has also lost $1.3 billion as the value of the currency has fallen.
The MicroStrategy CEO stated that they "anticipated volatility and structured its balance sheet so that it could continue to HODL through adversity." Saylor previously addressed margin call concerns in May, assuring shareholders that his company was prepared to "post some other collateral" if the price of Bitcoin continued to fall.
Today's Stock Market: Stocks Finish Poor as Powell Warns of "Pain" Needed to Tame Inflation
Stocks have posted their worst start to the year since 1970 as a result of central bankers around the world continuing to raise interest rates, despite the possibility of a short-term recession.
Jerome Powell, the chairman of the Federal Reserve, stated at a gathering of central bankers in Portugal that the failure to reestablish price stability would pose a greater threat to the world economy than a recession brought on by rate hikes.
European stocks are down the most in more than two weeks heading into the final trading session of the first half.
Overnight in Asia, the MSCI ex-Japan index for the entire continent fell 1.07 percent.
The Dow Jones Industrial Average fell 253 points, or 87 percent, to 3,785 on Wall Street, while the S&P 500 suffered its worst first half since 1970. The tech-centric Nasdaq decreased by 1.33 percent.
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