DeFi Cross-Chain Horizon Bridge Hacked for $100M - Aliens: AI Crypto News & Markets Updates
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DeFi Cross-Chain Horizon Bridge Hacked for $100M

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Blockworks

Fri, Jun 24, 2022

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Horizon has been hacked for $100 million and is working with authorities to identify the attacker Funds and assets from the Bitcoin bridge remain unaffected as they are stored in decentralized vaults, Harmony’s team said Horizon Bridge, a cross-chain interoperability platform between Ethereum, Binance Smart Chain (BSC) and Horizon blockchains, has been hacked for $100 million.

The Harmony team , stewards of the bridge, said Thursday it has been made aware of the theft and has begun working with national authorities as well as forensic specialists to identify the attacker in an attempt to retrieve the stolen funds.

The team also said the hack did not impact the trustless Bitcoin bridge as funds and assets are stored on decentralized vaults and are considered “safe at this time.” Blockworks attempted to contact Harmony but is yet to receive a response.

In a later tweet update on Thursday, Harmony’s team said it had identified the hacker’s blockchain address.

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