Harmony said it has launched a campaign to hunt down the culprit behind the attack that cost the platform $100 million. The reward level is also increased 10 times to get the hacked tokens back.
The project team has also contacted law enforcement agencies as well as Chainalysis and AnChain.AI to identify the culprit. Harmony also raised the ransom amount to 10 million USD, 10 times more than the previous figure.
“Retain $10M and return the remaining stolen amount. In exchange, Harmony will cease its investigation.”
According to the project’s tweet.
An amount of 10 million USD will also be donated to those who provide information to help the project get their money back. Besides, Harmony also gives hackers a deadline of Monday, July 4th, 23:00 GMT.
As updated in a recent Coincu News article, while the investigation is underway, blockchain research organization Elliptic said it is highly likely that a hacker group from North Korea, Lazarus Group, is behind the attack.
Specifically, this attack is done through a multisig wallet. This is how Lazarus did it many times in the past. They also point out how this is similar to the attack that cost Axie Infinity $550 million, which Lazarus is also believed to be the culprit.
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
Foxy
CoinCu News
The Bank of Ghana (BoG) has published a set of regulations for the use of…
Australian financial regulator ASIC coordinated the removal of over 600 cryptocurrency scams last year as…
Davinci Jeremie is a notable Bitcoin software engineer and entrepreneur. Let's learn about Davinci Jeremie…
Ava Labs COO Luigi D'Onorio DeMeo's X account was hacked and used to post false…
Under the stewardship of Executive Chairman Michael Saylor, MicroStrategy Bitcoin holding yielded a 61% profit…
Which tap to earn games has made players excited recently? Let's find out the top…
This website uses cookies.