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Binance and Huobi teamed up to freeze $2.5 million from Harmony One Exploit

2022 was a year marked by bankruptcy and massive hacks. The Harmony One exploit was maybe one of the biggest. Attributed to the North Korean hacker organization Lazarus Group, the hack saw $100 million of digital assets stolen through the Horizon Bridge.

In a team effort, security teams at Binance and Huobi collaborated and managed to recover 124 BTC, worth around $2.5 million, that the hacker tried to launder through the centralized exchange.

Over the weekend, the hackers had moved 41,000 Ether, worth about $63.5 million, through Railgun before depositing them on three exchanges.

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Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.
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