Harmony's cross-chain bridge hit by ETH theft worth nearly $100 million

Harmony's cross-chain bridge hit by ETH theft worth nearly $100 million

From theblock.co

The team behind the Harmony blockchain network has announced that Horizon, its cross-chain bridge to Ethereum, suffered a theft worth nearly $100 million in ETH. The theft occurred Thursday morning, per a tweet thread posted by the Harmony team. An address linked in the thread holds 85,837.251 ETH, worth approximately $98 million as of press time. "We have begun working with national authorities and forensic specialists to identify the culprit and retrieve the stolen funds," the team said in a message, further writing: "We have also notified exchanges and stopped the Horizon bridge to prevent further transactions. ... (full story)

- Older Stories
Soccer Superstar Cristiano Ronaldo Is Making NFTs for Binance
From decrypt.co|Jun 23, 2022
Cristiano Ronaldo has entered a multi-year joint marketing agreement with crypto company Binance. As a part of the deal announced today, multiple Ronaldo NFT collections will be ...
Coinbase to launch 'nano' bitcoin futures via brokerages as it pursues CFTC approval
From theblock.co|Jun 23, 2022
Coinbase will roll out its first derivatives product next week with the launch of so-called "nano" bitcoin futures. In a Thursday blog post, Coinbase Derivatives Exchange — the ...
Coinbase downgraded by Moody's, may be cut further
From theblock.co|Jun 23, 2022
Ratings agency Moody's said Thursday that it downgraded US crypto exchange Coinbase's senior unsecured notes. Specifically, Moody's said it "downgraded Coinbase Global, Inc.'s ...

- Newer Stories
Banque de France awarded by the Central Banking Fintech and Regtech Global Awards for its...
From banque-france.fr|Jun 23, 2022
The Banque de France received the CBDC infrastructure category award for its experimentations on central bank digital currency. Nine CBDC experiments were successfully performed, ...
BTC Bounces Back to $21,000 to Bring $22,500 Resistance into Play
From fxempire.com|Jun 23, 2022
On Thursday, bitcoin (BTC) rallied by 5.73%. Reversing a 3.60% slide from Wednesday, bitcoin ended the day at $21,098. It was the first hold onto $21,000 levels since June 15. ...
Testimony by Vince McGonagle Director of the Division of Market Oversight before the Subcommittee...
From cftc.gov|Jun 23, 2022
Chairman Maloney, Ranking Member Fischbach, and Members of the Subcommittee, thank you for the opportunity to appear before you today to share my views on digital asset regulation ...