According to a PeckShield
On Thursday morning, the proof of stake blockchain “Harmony” disclosed that $100 million worth of cryptocurrency had been stolen from its Horizon bridge.
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Harmony posted a
The Harmony team has identified a theft occurring this morning on the Horizon bridge amounting to approx. $100MM.
Later, they blogged about the incidents. Harmony said that their Horizon Ethereum Bridge was a victim of a “malicious attack.”
According to the blog post, the attacker was able to access and decrypt some of the keys used in fraudulent transactions and seizures of assets in the form of BUSB, USDC, ETH, and WBTC. The attacker then converted all assets to ETH.
The Horizon bridge was used to steal over $100 million in different tokens, including FRAX, FXS, wETH, WBTC, AAVE, SUSHI, USDT, and BUSD. These tokens were exchanged for ETH on Uniswap.
Stephen Tse, CEO of Harmony,
No evidence of smart contract code breach. No evidence of any vulnerability on the Horizon platform was found. Our consensus layer of the Harmony blockchain remains secure.
Use Of Tornado Cash To Transmit The Harmony’s Amount
According to data from
Two of these wallets transferred ETH to a Tornado Cash router. Harmony
Crypto hackers prefer to cash out using Tornado Cash because this protocol makes it hard to trace wallet-to-wallet transfers. However, users can employ zero-knowledge technology to remove the linkages tying together their on-chain transactions with the aid of the Ethereum protocol Tornado Cash.
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In one of the biggest cryptocurrency attacks in history, North Korean government hackers stole more than $600 million in Ethereum from the popular play-to-earn game Axie Infinity in March. They sent a portion of the proceeds to an account on Tornado Cash.
After that, Tornado Cash became incredibly more popular among cryptocurrency stealers. The Meter, Wormhole, Ronin, and now Horizon token bridges have been exploited for more than $1 billion in 2022 through illicit methods.
Featured image from Flickr and Chart from TradingView.com