Layer by Layer Issue 37: Harmony, BNB Chain, and Polkadot

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding The recent exploit of the Harmony Horizon bridge has had rippling effects in the Harmony ecosystem, which now faces a steep uphill climb to recovery BNB Chain teams continue to look for ways to strike the ideal balance between decentralization and growth, while Polkadot and Kusama parachains have begun to establish cross-chain communication channels with increasing frequency

Timeline of Bnb, Polkadot-new, Harmony

Polkadot continues to face downtrend on its chart as broader market strength also remained low. Over the last 24 hours, DOT lost close to 8% of its market value invalidating weekly gains that DOT secured.

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.

A popular crypto analyst is identifying what could help leading Ethereum rival Polkadot (DOT) recapture its all-time high. In a new video, Coin Bureau host Guy tells his 2.07 million subscribers the reasons for DOT's poor price performance. “First is the fact that the rest of the crypto market has been getting wrecked, notably [Bitcoin] The post Here's What's Needed for Leading Ethereum Rival To Surge by 700% and Reclaim All-Time High: Coin Bureau Host appeared first on The Daily Hodl.

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.

Gavin Wood, Polkadot's founder, announced the new governance structure at the Polkadot Decoded 2022 conference. The new model seeks to promote inclusion and decentralization while expanding the number of decisions that Polkadot governance may make.