Harmony Plunges 10% As Horizon Ethereum Bridge Hacked For $100 Million

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4d ago2022-06-24

Hackers have struck layer 1 blockchain Harmony's Horizon bridge, stealing $100 million in cryptocurrency.

The exploit was revealed in a tweet in the early hours of Friday morning. The Harmony team revealed that it had "identified a theft occurring this morning on the Horizon bridge amounting to approx. $100MM." It went on to add that the address of the culprit had been identified and that the Harmony team are working with "national authorities and forensic specialists" to retrieve the stolen funds.

In a follow-up tweet, Harmony noted that it is "working around the clock" alongside the FBI and "multiple cyber security firms."