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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)

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  • Category: Fundamental Analysis