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DeFi cross-chain Horizon Bridge hacked for $100 million
Horizon was hacked for $100 million and is working with authorities to identify the attacker Funds and assets from the Bitcoin Bridge remain untouched as they are stored in decentralized vaults, said Harmony's team Horizon Bridge, a cross-chain interoperability platform between Ethereum, Binance Smart Chain (BSC) and Horizon blockchains, was hacked for $100 million. The Harmonie team said on Thursday it had been alerted to the theft and had begun working with national authorities as well as forensic specialists to identify the attacker and attempt to recover the stolen funds. The team also said the hack did not affect the...
DeFi cross-chain Horizon Bridge hacked for $100 million
- Horizon wurde für 100 Millionen US-Dollar gehackt und arbeitet mit den Behörden zusammen, um den Angreifer zu identifizieren
- Gelder und Vermögenswerte von der Bitcoin-Brücke bleiben unberührt, da sie in dezentralen Tresoren gespeichert werden, sagte Harmonys Team
Horizon Bridge, a cross-chain interoperability platform between Ethereum, Binance Smart Chain (BSC) and Horizon blockchains, was hacked for $100 million.
The Harmony Team said on Thursday it had been alerted to the theft and had begun working with national authorities as well as forensic specialists to identify the attacker and attempt to recover the stolen funds.
The team also said the hack did not impact the trusted Bitcoin bridge as funds and assets are stored in decentralized vaults and are considered “currently safe.”
It is the latest in a series of hacks against protocols, bridges and projects, including a $20 million theft of Ethereum scaling solution Optimism earlier this month and a $320 million hack against Solana Bridge Wormhole in February.
Harmony enables cross-chain transfers of digital assets between Ethereum and itself as well as BSC via a series of smart contracts deployed across these three chains. Users who own assets such as stablecoins, ERC-20 tokens or BEP-20 tokens can exchange them for corresponding assets on Harmony at a 1:1 ratio.
In a later one Tweet update On Thursday, the Harmony team said it had identified the hacker's address.
"We have also notified exchanges and halted the Horizon Bridge to prevent further transactions. The team is all hands on deck as investigations continue," the team said.
Further updates are expected in the coming hours. This is a developing story and will be updated accordingly.
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The post-DeFi Cross-Chain Horizon Bridge Hacked for $100M is not financial advice.