This new hacker of the crypto-space adds to the strong distrust of certain technical infrastructures used in the ecosystem. The team behind Project Harmony found out on Friday that it had been attacked on Wednesday, allowing hackers to steal $ 100 million. There are technical bridges (“bridges”) to allow cryptocurrencies to circulate between different blockchains. It was Horizon, the bridge created by Harmony to allow assets to circulate through the attackers’ Ethereum blockchain Binance Smart Chain.
Created in 2017, the Harmony Protocol is designed to facilitate the creation and use of decentralized applications. These “peer-to-peer” applications offer loans and other financial services without the need for “traditional” intermediaries or centralized players. Built on or next to other (side) blockchains, it allows you to trade faster with lower costs.
But several hacking cases have shown the weakness of some of these “bridges” needed to interact with major blockchains. He’s stolen more than $ 620 million through the bridge last March by North Korean hackers on the Ronin network, one of the most powerful thefts in young history – cryptocurrencies.
One billion dollars have already been stolen
Harmony tweeted that he “worked with national authorities փորձագետ blockchain data analysis experts to identify the culprit և recover stolen funds«. It also shows that it has found a suspicious personal account.
According to blockchain analytics company Elliptic, the criminals stole various cryptocurrencies accumulated on Harmony’s Horizon Bridge, including ether, bond, and dollar coins, which were then exchanged for gold and ether using decentralized exchanges.
These bridges have become the main target of hackers. bridges »maintain large cash reserves“what makes it”a tempting target for hackersAccording to Elliptic analyst Jesse Simington. In addition to Ronnie, another famous bridge, the Wormhole, was broken to steal more than $ 320 million in February. According to Elliptic, in 2022 more than one billion dollars have already been stolen from the bridges.
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.