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Binance and Huobi Freeze $1.4 Million in Crypto Linked to North Korea

According to blockchain analytics firm Elliptic, crypto exchanges Binance and Huobi have frozen cryptocurrencies worth approximately $1.4 million linked to North Korea. The firm noted that the stolen funds, which were dormant until recently, originated from the June 2022 hack of Harmony’s Horizon Bridge. “The Horizon cross-chain bridge was attacked on June 24th 2022, resulting in the loss of $99.6 million in cryptoassets. These funds were then laundered through the now-sanctioned Tornado Cash,” the blockchain analytics firm detailed. Ethereum mixer Tornado Cash was banned last August by the U.S. Department of the Treasury’s Office of Foreign Asset Control (OFAC). (Bitcoin.com)

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