Earlier this week, the Horizon bridge linking Harmony – a Layer-1 PoS blockchain designed for native token ONE – to the Ethereum and Binance Chain ecosystem was exploited, resulting in a loss of nearly $100 million in Ethereum. Fortunately, the BTC bridge remained unaffected and has been shut down to prevent further losses.
The U.S. crypto startup has notified the FBI and requested to assist with an investigation in identifying the culprit and retrieving stolen assets.
“The Harmony team has identified a theft occurring this morning on the Horizon bridge amounting to approx. $100MM. We have begun working with national authorities and forensic specialists to identify the culprit and retrieve the stolen funds,” the company posted on Twitter.
“We have also notified exchanges and stopped the Horizon bridge to prevent further transactions. The team is all hands-on deck as investigations continue. We will keep everyone up-to-date as we investigate this further and obtain more information.”
