On Friday morning, hackers stole $100M in crypto from Horizon Bridge, a cross-chain interoperability platform between Ethereum, Binance Smart Chain, and Harmony.
According to blockchain analysis company Elliptic, a variety of crypto assets were stolen, including Ethereum, Binance Coin, Tether, USD Coin, and DAI. The hacker then used decentralized exchanges to swap the tokens for Ethereum – “a common technique utilized by DeFi hackers.”
Following the attack, Harmony, the team behind the bridge, notified cyber security partners, exchange partners, and the FBI to assist with an investigation in identifying the culprit and methods to retrieve stolen assets. “Further, the team has attempted communication with the hacker with an embedded message in a transaction to the culprit’s address,” a blog post shared.
Harmony tweeted on June 26th that the team has committed $1 million for the return of the funds and helpful information. It added, “Harmony will advocate for no criminal charges when funds are returned.”
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