This One Chart Explains EVERYTHING About The Harmony Ether Hack - OpenSIPS Trunking Solutions
Overview
A popular product on the harmony network was exploited for over $100 million in cryptocurrencies in what is one of the biggest crypto hacks in recent weeks.
The harmony horizon bridge hack:
Part 1 2 executive summary on june 24th 2022, the harmony horizon bridge was hacked and thieves stole a variety of cryptoassets with a total value of $99. 6 million. Read also: Unidentified Ginger Leak: Prepare For A Mind-Blowing Revelation
However, one, the native token of the harmony protocol, is among the worst performers amongst the leading cryptocurrencies. Read also: What The Redwood County Sheriff Doesn't Want You To Know (Jail Roster)
One has lost more than 10% of its value in the last 24 hours and could dip lower in the coming hours.
In a tweet, harmony confirmed that the crypto assets were stolen from the ethereum side of the bridge and the trustless btc bridge remains unaffected, and based on our analysis both eth and bsc were exploited.
Security breaches and attacks on bridge platforms are on the rise.
The engineering team was in the process of addressing this vulnerability before the bridge hack on june 23rd.
The hack may vindicate previously raised community.