: Hackers steal 0 mn in crypto from Harmony Blockchain bridge #IndiaNEWS #News New Delhi: Hackers have stolen at least 0 million worth digital tokens from Harmony, the crypto startup behind Horizon
Hackers steal 0 mn in crypto from Harmony Blockchain bridge #IndiaNEWS #News
New Delhi: Hackers have stolen at least 0 million worth digital tokens from Harmony, the crypto startup behind Horizon Blockchain Bridge which allows users to transfer their crypto assets from one Blockchain to another.
Harmony admitted that a malicious attack happened on its proprietary Horizon Ethereum Bridge and multiple transactions occurred that compromised the bridge with 11 transactions that extracted tokens stored in the bridge.
The estimated value at the time of the attack was approximately 0 million, the US-based company said in a statement late on Friday.
The start-up said that it has notified its cyber-security partners and the Federal Bureau of Investigation (FBI), and requested to assist with an investigation in identifying the culprit and methods to retrieve stolen assets.
We are working around the clock to ensure both the investigation and recovery of stolen funds are concluded in the most time efficient manner possible, the company added.
Harmony said that that focusing on decentralised bridges is an essential step forward for Web3.0.
Using Harmonys Horizon bridge, users can move assets like tokens, stablecoins, and non-fungible tokens (NFTs) between Ethereum, Binance Smart Chain and Harmony blockchains.
The hackers stole various digital tokens like Ethereum, Binance Coin, Tether, USD Coin and Dai.
The stolen tokens have been swapped for Ethereum using decentralised exchanges, according to Blockchain analysis company Elliptic.
Harmony has stopped the Horizon bridge to prevent further transactions and its bridge for Bitcoin was unaffected.
In April this year, hackers stole nearly 0 million in cryptocurrency from Beanstalk Farms, a decentralised finance (De-Fi) project.
The FBI in April blamed North Korean hacker group Lazarus for stealing 5 million in cryptocurrency from the Ronin Network, owned by developer group Sky Mavis.
In January this year, hackers stole crypto tokens worth 0 million from Blockchain-based decentralised finance (DeFi) platform BadgerDAO.
Stock Market NEWS Best intraday tips Intraday Stocks below 100
0 Reactions React
More posts by @IndiaNEWS
: On this day in 1932, India played its first-ever Test match #IndiaNEWS #Cricket London: On this day in 1932, India started its journey in international Cricket as a Test-playing nation, making its
0 Reactions React
: On this day in 1983, a defiant Team India captured its maiden Cricket World Cup title #IndiaNEWS #Cricket London: On this day in 1983, the Indian cricket team defied all odds and expectations and
0 Reactions React
0 Comments
Sorted by latest first Latest Oldest Best
Terms of Use Create Support ticket Your support tickets Powered by ePowerPress Stock Market News! Top Seo SMO © hashkaro.com2024 All Rights reserved.