Hacker Rips Off Cryptocurrency Startup For $100M

TechCrunch reports:

A hacker has exploited a vulnerability to steal $100 million from Harmony’s Horizon Bridge, which allows users to transfer their crypto assets from one blockchain to another.

Harmony, the U.S. crypto startup behind Horizon, said in a blog post on Friday that it was notified of a “malicious attack” on its proprietary Horizon blockchain bridge on Thursday. Blockchain bridges, also known as cross-chain bridges, facilitate communication between different blockchains and allow users to send assets from one chain to the other.

Harmony said the culprit of the attack — which the company singled out in a tweet — stole close to $100 million in cryptocurrency from its blockchain bridge.

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2/ 0x address of the culprit below:https://t.co/VXO7s6FpIy

— Harmony ? (@harmonyprotocol) June 23, 2022