North Korean hackers are laundering funds they stole in the AtomicWallet hack

hacker in blue hood

MistTrack Alert, a crypto tracking and compliance platform, reported that North Korean hackers are actively laundering funds linked to the attack on the Atomic wallet. The tracker said that the hackers deployed two smart contracts to enable them to accomplish this.

They deployed two smart contracts about 6 hours ago: 0xe07e2153542Eb4b768B4D73081143C90d25F1d58 and 0x3c3ed2597b140f31241281523952e936037cbed3.

MistTrack Alert

The statement said that the first contract was deployed to convert ETH to 1,132.28 WETH. While the second contract will convert wETH to 1,120.84.

Moved in Six Transactions

MistTrack Alert also showed how the fund trail showed that contract (0x3c3…ed3) distributed ETH to multiple Ethereum addresses, such as transferring 49.73 ETH to address (0xCD6…7E2) in 6 transactions.

In another instance, address (0xCD6…7E2) and then distributed ETH to multiple addresses, such as transferring 11.35 ETH to address (0xa04…077) and finally to address (0xD3D…51B).

In another move,

“The address (0xD3D…51B) swapped ETH for WETH and bridged it to Avax. Finally, they exchanged ETH for BTC via a cross-chain from the Avalanche network.

The North Korean hackers used a similar strategy to launder funds linked to the Harmoney hack. It could be recalled that many Atomic wallet users had their funds stolen in June.

On June 3, the Atomic crypto wallet team acknowledged that they were aware of the hack, saying,

“We have received reports of wallets being compromised. We are doing all we can to investigate and analyze the situation. As we have more information, we will share it accordingly.”

Unfortunately, the team has yet to come up with an update until now. Rather, they claimed that less than 1% of active users of their platform were affected.

Author: Jofor Humani

Jofor is a crypto journalist with passion for investigative reviews.