Harmony Offers $1M For Information About Stolen Funds

Layer 1 blockchain protocol Harmony (CRYPTO: ONE) has offered a bounty of $1 million for information about a theft on the Horizon bridge amounting to around $100 million, in which tokens including Wrapped Ethereum (CRYPTO: WETH), Aave (CRYPTO: AAVE), SushiSwap (CRYPTO: SUSHI), DAI (CRYPTO: DAI), Tether (CRYPTO: USDT) and USD Coin (CRYPTO: USDC) were stolen. "Harmony will advocate for no criminal charges when funds are returned," the company stated.

Timeline of Harmony

The hacker has started funneling funds via the Tornado Cash coin mixing service despite Harmony offering a $1 million bounty. The post Hacker begins laundering funds from $100 million Harmony bridge attack appeared first on The Block.

On June 23, 2022, the Harmony development team announced that $100 million was siphoned from the Horizon bridge, and the organization explained it was working with national authorities and forensic specialists. According to an account published Polygon's chief information security officer, Mudit Gupta, the Horizon bridge attacker allegedly took control of the multi-signature wallet leveraged

Harmony network on June 24 revealed a hacker had exploited its horizon bridge and made away with $100 million. The post Harmony announces a $1 million bounty for Horizon bridge stolen funds recovery appeared first on CryptoSlate.

Harmony said yesterday that hackers took around US$100 million (RM440.2 million) worth of digital coins from one of its key products. Harmony is known for developing blockchains for so-called decentralised finance, a peer-to-peer site that offers loans and other services without the traditional gatekeepers such as banks, and non-fungible tokens. The California-based company said its...

The company added that it would “advocate for no criminal charges” if the funds were returned. The post Harmony offers $1 million bounty for return of stolen funds appeared first on The Block.

Harmony Protocol has offered a $1 million bounty for the return of the stolen funds from the hack of its Horizon bridge and for information on how it happened. Harmony Protocols' founder has so far identified compromised private keys as the most likely root cause of the exploit.

While crypto prices have seen some healing during the last few days, the total value locked (TVL) across the entire decentralized finance (defi) ecosystem has also improved. The TVL in defi has seen an increase of 7.19% since June 20, and the defi protocol Makerdao's TVL dominates by 10.37% this weekend. Defi TVL Improves, Cross-Chain

Harmony, an open and fast layer-1 blockchain offering a two-way Ethereum bridge, suffered an unfortunate hack on 24 June. Horizon, its cross-chain bridge to Ethereum, recorded this exploit worth nearly $100 million in ETH.

One Ethereum (ETH) competitor is taking a massive hit after hackers drained approximately $100 million worth of crypto from its cross-chain bridge. The Harmony (ONE) team says the breach occurred on the morning of June 24th on the Horizon bridge, which enables users to move crypto assets between Ethereum, Binance Smart Chain and Harmony. “The The post Ethereum Rival Tumbles As Hackers Drain About $100,000,000 From Its Crypto Bridge appeared first on The Daily Hodl.

The Harmony team has identified a theft taking place this morning (June 24, 2022) on the Horizon bridge amounting to approximately $100 million. 3/ Note this does not impact the trustless BTC bridge; its funds and assets stored on decentralized vaults are safe at this.