One Ethereum (ETH) competitor has been a big hit after hackers leaked about $ 100 million worth of cryptocurrencies from cross-chain bridges.
Harmony (ONE) team To tell The breach occurred on the morning of June 24th at the Horizon Bridge. This allows users to move crypto assets between Ethereum, Binance Smart Chain and Harmony.
“The Harmony team has identified a $ 100 million theft that occurred at Horizon Bridge this morning. We worked with state authorities and forensic experts to identify the perpetrator and recover the stolen funds. started.”
Harmony hit a high of $ 0.0268 on June 23 and then fell to a low of $ 0.0236 on June 24, dropping nearly 12% within a few hours. ONE has since bounced and is trading at $ 0.025 at the time of writing.
According to blockchain analytics firm Elliptic, $ 99.7 million worth of crypto assets Stolen From Binance Smart Chain and Ethereum Blockchain.
Also oval To tell The stolen assets include two blockchain native tokens and various stablecoins designed to maintain the US dollar peg.
“Various assets such as ETH, BNB, Tether (USDT), USD Coin (USDC), Die (DAI) have been acquired. The stolen tokens were exchanged for ETH using decentralized exchange. This is a common technique in these hacks. “
according to To Elliptic, the Harmony team appears to be open to opening dialogue with the robbery entity based on the message embedded in the Ethereum transaction read.
“The harmony team is interested in communication and negotiation. To start a conversation, please contact security@harmony.one. Communication can be anonymous.”
Check price action
Don’t miss the beat – subscribe and deliver encrypted email alerts directly to your inbox
follow me twitterFacebook and Telegram
Surf the daily hoddle mix
& Nbsp
& Nbsp
Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors need to do due diligence before making risky investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfer and transaction is your own responsibility and any loss you may incur is your responsibility. Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets. Also, Daily Hodl is not an investment advisor. Please note that TheDailyHodl participates in affiliate marketing.
Featured images: Shutterstock / Aha-Soft / jossnat
