Harmony Offers $1M Bounty After Discovering $100M Altcoin Hack
Hackers took WETH, AAVE, SUSHI, DAI, USDT, and USDC, and afterward traded them for ETH.
“Congruity will advocate for no lawbreaker allegations when assets are returned,” the organization’s true Twitter account posted on Saturday.
On Thursday, programmers took $100 million in Wrapped Ethereum (WETH), AAVE, SUSHI, DAI, Tether (USDT) and USD Coin (USDC), and afterward traded them for Ethereum.
The Harmony group has since tracked down the location of the programmer and is working with “public specialists and criminological subject matter experts” to recover the taken assets, as indicated by a tweet.
Harmony additionally stopped all Horizon span movement following the hack. Its local ONE token has plunged, and as of this composing was exchanging for $0.02445 — 8.5% lower than before the hack was found on Friday.
Harmony is a layer-1 proof-of-stake blockchain. Its Horizon span is a cross-chain span, meaning it permits clients to send resources starting with one blockchain and then onto the next. Skyline clients can move resources between Harmony’s organization and Ethereum, Binance Chain, and Bitcoin.
Hackers recently have been targeting cross-chain bridges. Qubit Finance’s bridge was hacked for $80 million back in January, thieves stole $320 million from the Wormhole bridge a month later, and hackers drained $622 million in Ethereum and USDC from Axie Infinity’s Ronin bridge in March.