Harmony's Horizon Bridge Was Hacked for $100 M

by in Blockchain News

Harmony hack

Today, the Harmony blockchain tweeted that hackers exploited the Horizon bridge for $100 M. The team has started collaborating with national authorities and investigators to find out the criminals and restore the stolen funds.

Related: Osmosis Hackers Return $2 M After the 5M Exploit

The Horizon bridge provides interoperability between Ethereum, Binance Smart Chain and Harmony. In a thread, Harmony said they notified exchanges and stopped the bridge to prevent further transactions.

Data from EtherScan shows that hackers withdrew tokens through several transactions, sent to another wallet and swapped tokens on Uniswap. Among the stolen cryptocurrencies are Ether, BNB, USDT, USDC, and DAI. Currently, the hacker’s balance holds around 85,867 EtHs worth $99 M.

Harmony mentioned that the hack didn't impact the BTC bridge. The holdings stored on the decentralized vaults are safe.