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Phương Thức Thanh Toán

Harmony Hacked: Theft on the Horizon Bridge Amounts to $100M

Harmony announced that it has identified a theft this morning on the Horizon bridge. The hack on the bridge has presumably led to a loss of $100 million. The team has started...
Harmony Hacked: Theft on the Horizon Bridge Amounts to $100M © Reuters. Harmony Hacked: Theft on the Horizon Bridge Amounts to $100M

    • Harmony announced that it has identified a theft this morning on the Horizon bridge.
    • The hack on the bridge has presumably led to a loss of $100 million.
    • The team has started working with national authorities and specialists to identify the culprit.

Harmony has announced that it has identified a theft this morning on the Horizon bridge amounting to approximately $100 million. The team claims to have begun working with national authorities and forensic specialists to identify the culprit and retrieve the stolen funds.

The Horizon Bridge enables token transfers between Harmony and the Ethereum network, Binance Chain, and Bitcoin. Harmony is a layer-1 blockchain that uses proof-of-stake consensus and is the operator of the bridge.

Reportedly, the hacking began at about 7:08 am and went on till 7:26 am (ET) this morning. A total of 11 transactions were made from the bridge for various tokens during this period. According to the most recent updates, the hackers have also started sending tokens to a different wallet to swap for ETH on Uniswap, then sending the ETH back to the original wallet.

Interestingly, a Twitter (NYSE:TWTR) user that goes by the Twitter handle @_apedev had predicted the exploit earlier in April this year. “So all in all, if two of the four multisig signers are compromised, we’re going to see another 9 figure hack. Considering all that’s been going on lately, it’d be interesting to hear some details from harmony protocol on how these EOAs are secured,” said the user. Ape Dev is the founder of crypto-focused venture fund Chainstride Capital.

Similarly, Vitalik Buterin, the man Time described as the ‘Prince of Crypto’, outlined critical security concerns pertaining to cross-chain bridges in the blockchain space in a Reddit post back in January.

Moreover, considering that over the past few months, Meter’s token bridge, Ronin Bridge, and Wormhole Bridge were all targets of hacks, there appears to be the need for better safety protocols. Multisigs, from the looks of it, seem to have inherent security concerns.

Continue reading on CoinQuora

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BROKERS ĐƯỢC CẤP PHÉP
net_home_top Ai VIF
03-07-2022 07:24:08 (UTC+7)

EUR/USD

1.0429

-0.0053 (-0.51%)

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Neutral

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EUR/USD

1.0429

-0.0053 (-0.51%)

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Neutral

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GBP/USD

1.2098

-0.0076 (-0.63%)

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↑ Buy

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USD/JPY

135.21

-0.52 (-0.39%)

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AUD/USD

0.6816

-0.0085 (-1.23%)

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USD/CAD

1.2888

+0.0015 (+0.12%)

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EUR/JPY

140.98

-1.29 (-0.91%)

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1.0007

-0.0002 (-0.02%)

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Gold Futures

1,812.90

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19.823

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108.46

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111.48

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Natural Gas Futures

5.620

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US Coffee C Futures

223.95

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Euro Stoxx 50

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DAX

12,813.03

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7,168.65

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21,859.79

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US Small Cap 2000

1,727.76

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8,176.10

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41.270

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57.35

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182.00

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167.64

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5.566

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96.00

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8.053

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 EUR/USD1.0429Neutral
 GBP/USD1.2098↑ Buy
 USD/JPY135.21↑ Sell
 AUD/USD0.6816↑ Sell
 USD/CAD1.2888Buy
 EUR/JPY140.98Neutral
 EUR/CHF1.0007↑ Sell
 Gold1,812.90↑ Buy
 Silver19.823↑ Buy
 Copper3.6138Neutral
 Crude Oil WTI108.46↑ Sell
 Brent Oil111.48↑ Sell
 Natural Gas5.620↑ Sell
 US Coffee C223.95↑ Sell
 Euro Stoxx 503,448.31↑ Buy
 S&P 5003,825.33↑ Buy
 DAX12,813.03Buy
 FTSE 1007,168.65↑ Buy
 Hang Seng21,859.79Sell
 Small Cap 20001,727.76↑ Buy
 IBEX 358,176.10↑ Buy
 BASF41.270↑ Buy
 Bayer57.35↑ Buy
 Allianz182.00↑ Sell
 Adidas167.64↑ Sell
 Lufthansa5.566↑ Sell
 Siemens AG96.00↑ Buy
 Deutsche Bank AG8.053↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,800/ 6,860
(6,800/ 6,860) # 1,805
SJC HCM6,820/ 6,880
(0/ 0) # 1,766
SJC Hanoi6,820/ 6,882
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SJC Danang6,820/ 6,882
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SJC Nhatrang6,820/ 6,882
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SJC Cantho6,820/ 6,882
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Cập nhật lúc 07:18:27 03/07/2022
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