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News

Harmony Protocol Is Offering A $1,000,000 Reward For The Return Of Stolen Money

June 26, 2022 - Around 2 mins mins to read

Earlier today, the proof-of-stake (PoS) blockchain Harmony Protocol tweeted an offer of a $1 million reward for information regarding the Thursday hack of its Ethereum-linked Horizon bridge, which resulted in the loss of $100 million in cryptocurrency.

Harmony Protocol Is Offering A $1,000,000 Reward For The Return Of Stolen Money
Harmony Protocol Is Offering A $1,000,000 Reward For The Return Of Stolen Money

If the money was returned, the business stated, it would “argue for no criminal prosecution.”

Harmony Protocol’s founder and CEO, Stephen Tse, also tweeted:

Harmony Protocol Is Offering A $1,000,000 Reward For The Return Of Stolen Money
Harmony Protocol Is Offering A $1,000,000 Reward For The Return Of Stolen Money

Security professionals on Friday provided some insights into the intrusion while the Harmony team is still conducting their probe. Using two likely compromised private addresses, the attacker took control of a multi-signature wallet used to deploy Harmony’s bridge, claims Polygon’s chief information security officer Mudit Gupta, and drained the cash.

Today, Tse said that his “team has found evidence that private keys were compromised, leading to the breach of our Horizon bridge.”

He added that while the investigation was ongoing, Harmony would “continue taking steps to further harden our operations and infrastructure security.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Annie

CoinCu News

Ethereum-linked

Harmony

harmony protocol

Harmony Protocol’s founder and CEO

Horizon Bridge

PoS

Proof-of-Stake

Stephen Tse

stolen money

Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

Harmony Protocol Is Offering A $1,000,000 Reward For The Return Of Stolen Money

Earlier today, the proof-of-stake (PoS) blockchain Harmony Protocol tweeted an offer of a $1 million reward for information regarding the Thursday hack of its Ethereum-linked Horizon bridge, which resulted in the loss of $100 million in cryptocurrency.

Harmony Protocol Is Offering A $1,000,000 Reward For The Return Of Stolen Money
Harmony Protocol Is Offering A $1,000,000 Reward For The Return Of Stolen Money

If the money was returned, the business stated, it would “argue for no criminal prosecution.”

Harmony Protocol’s founder and CEO, Stephen Tse, also tweeted:

Harmony Protocol Is Offering A $1,000,000 Reward For The Return Of Stolen Money
Harmony Protocol Is Offering A $1,000,000 Reward For The Return Of Stolen Money

Security professionals on Friday provided some insights into the intrusion while the Harmony team is still conducting their probe. Using two likely compromised private addresses, the attacker took control of a multi-signature wallet used to deploy Harmony’s bridge, claims Polygon’s chief information security officer Mudit Gupta, and drained the cash.

Today, Tse said that his “team has found evidence that private keys were compromised, leading to the breach of our Horizon bridge.”

He added that while the investigation was ongoing, Harmony would “continue taking steps to further harden our operations and infrastructure security.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

CoinCu News