Harmony Hacked: Theft on the Horizon Bridge Amounts to $100M
Harmony announced that it has identified a theft this morning on the Horizon bridge.
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Harmony announced that it has identified a theft this morning on the Horizon bridge.
Crypto in 2022 has continued to face problems, and hacking is one of the major issues. It has led to decreased investor trust and thus decreased investments.
Horizon has become the latest cross-chain bridge to be hit by an exploit, after hackers stole $100 million in altcoins.
The multi-chain or cross-chain technology seems to be the new playing ground for hackers given the sheer rise. Users want to transact with other blockchains by leveraging bridges to different ecosystems.
CoinMarketCap data shows the value of Harmony's native token, ONE, has plunged 12% in 24 hours — meaning this altcoin has now fallen out of the top 100 cryptocurrencies by market cap.
As if crypto markets and the overall ecosystem were not in a bad place already, things have just got much worse for Harmony Protocol. The post Harmony Horizon Bridge Loses $100M in Latest Crypto Exploit appeared first on BeInCrypto.
A variety of tokens were stolen using this exploit, ranging from wBTC and wETH to AAVE, FRAX, and several stablecoins among other tokens.
Harmony's Horizon bridge has been drained of roughly $100 million
ONE, a native token of a cross-chain bridge provider, Harmony, becomes one of the worst performers among the top 200 coins today, as the team confirms they lost around USD 100m in a theft.
The layer-1 blockchain's main bridge between Ethereum, Binance Chain, and Bitcoin has been exploited for nine figures, but says its BTC bridge has not been affected.
Blockchain network, Harmony Protocol, has reported a security breach leading to the loss of approximately $100 million. Hackers exploited a vulnerability to steal 85,837 ETH (appr.
The team behind the Harmony blockchain network has announced that Horizon, its cross-chain bridge to Ethereum, suffered a theft worth nearly $100 million in ETH. The post Harmony's cross-chain bridge hit by ETH theft worth nearly $100 million appeared first on The Block.
Harmony One price is up by 7 percent in today's trading session, wiping out yesterday's price drop and starting a new upward trend.
Harmony ONE/USD has weakened from $0.37 to $0.034 since January 14, 2022, and the current price stands at $0.041. Kart Racing League partnered with Harmony Harmony is the open blockchain that runs Ethereum applications with 2-second transaction finality and extremely low fees. Harmony collaborates with Ethereum rather than competing with it, and it makes it […] The post Should I invest in Harmony (ONE) at the current price? appeared first on Invezz.
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