Harmony Proposes Minting Billions of ONE Tokens to Reimburse Hack-Affected Users

Layer-1 blockchain Harmony has proposed to mint billions of its ONE tokens in order to reimburse the victims of the Horizon bridge hack that saw around USD 100m of user funds stolen.

Timeline of Harmony

Hackers in North Korea are once again making headlines. They are being blamed for the recent attack on a California-based crypto exchange called Harmony that ultimately resulted in more than $100 million in crypto funds vanishing overnight.

Not long ago, Live Bitcoin News published an article about Harmony, a crypto platform stationed in Northern California that lost more than $100 million in digital currency units to hackers. The company was the latest digital asset firm to fall victim to cyberthieves.

Harmony (ONE) has revealed on June 30, 2022, that it has begun a ‘global manhunt,' in collaboration with all crypto exchanges, law enforcement, Chainalysis, and Anchain.AI, to fish out the hacker(s) who recently drained $100 million from the Horizon bridge.…

The Horizon hack has taken a new twist after the latest post-mortem report. The $100 million theft was initially observed on 24 June but after careful analysis, new developments have emerged.

Lazarus Group - North Korea's state sponsored hacker group is believed to be responsible for the theft of over $100 million in cryptocurrencies, according to blockchain analytics firm Elliptic. Harmony Protocol revealed last week that it had initiated a global manhunt against the hackers, after they had drained $100 million from their blockchain bridge - Horizon Bridge, on June 24th.

North Korean hackers are being pointed at as the brains behind last week's $100 million crypto attack at an American company, multiple news outlets reported Thursday. The Lazarus Group, a notorious hacking group with apparent ties to the North Korean government, has been pinpointed as the main suspect in the recent attack on the Harmony protocol, in

The latest reports show North Korean hackers are behind the latest Harmony hack and it is possibly the same group that made the attack on Axie Infinity a few months ago so let's read more today in our latest cryptocurrency news. After hackers stole $100 million in crypto from Harmony Protocol, the team behind the

North Korea's Lazarus Group is believed to be behind the $100 million attack on Harmony Protocol's Horizon bridge. Blockchain forensics company Elliptic said that there were several signs that suggested Lazarus executed the attack.

Notorious North Korean hacker group Lazarus is likely behind the recent exploit of Harmony horizon bridge, leading to the loss of $100 million, says Elliptics. The post North Korea's Lazarus Group linked to $100M Harmony exploit appeared first on CryptoSlate.

As per the latest report, the notorious Lazarus Group from North Korea is behind the $100-million hack of the Horizon bridge. As per the Bloomberg report, London-based Elliptic Enterprises was actively tracking the stole funds and has come to this conclusion.