Binance's CZ 'Detects' Harmony One Hacker Fund Movement, Yet Token Begins To Recover

Hacks are bad news for any project and particularly for layer 1 blockchains. In the case of Harmony Protocol (CRYPTO: ONE), they seem to be pivoting and coming out on top following an unfortunate public hack.

Timeline of Harmony

Cryptocurrency exchanges Binance and Huobi have recovered some of the funds stolen in last year's hack of Harmony. “We detected Harmony One hacker fund movement,” Binance CEO Changpeng Zhao wrote in a Sunday (Jan. 15) tweet.

Hacking in the crypto industry has been a prominent part of the space. One of the recent significant ones, the Harmony bridge exploit, has been under investigation since it occurred.

On Jan. 15, 2023, onchain researchers discovered that funds stolen during the Harmony bridge attack had been moved. The suspected thieves, who are allegedly associated with the North Korean hacking syndicate Lazarus Group, moved 41,000 ethereum, worth $63.2 million at current exchange rates.

The notorious North Korean-based Lazarus group has moved millions of dollars worth of Ethereum stolen from the Harmony hack over the weekend. Harmony was attacked on the 22nd of June, 2022, with around $100 million stolen.

North Korea's Lazarus Group has moved $63.5 million of the crypto funds it stole from the Harmony Bridge hack last year. The post North Korea's Lazarus Group Moves $63.5M in Crypto Stolen From Harmony Bridge Hack appeared first on BeInCrypto.

Binance assisted Huobi in recovering 124 Bitcoin (BTC) — worth $2.58 million — from the Harmony bridge hacker, according to Binance CEO Changpeng Zhao (CZ). The post Binance assists in recovering $3M from Harmony bridge hack appeared first on CryptoSlate.

Harmony is a proof-of-stake blockchain that went live on mainnet in June 2019 and had a tight end date. Harmony works closely with Game Space, a comprehensive GameFi-as-a-service [GaaS] hub.

Harmony released an update concerning its Horizon bridge asset recovery proposal on September 23, 2022. The team is proposing not to mint more $ONE tokens or change its tokenomics with a hard fork of the protocol.

Harmony protocol updated its community and partners on the Horizon Bridge recovery plan after its $100 million hack in June. The post Harmony announces update on Horizon Bridge attack recovery plan appeared first on The Block.

Not long ago, Harmony – a crypto exchange based in northern California – was the victim of a cyberattack that ultimately resulted in more than $100 million in digital currency funds being stolen.