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> LOL, another massive ($100 million) shytcoin ripoff

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VP_Spiro_T_Cheney
#1 2022-06-24 17:19:31

LOL, another massive ($100 million) shytcoin ripoff

A popular product on the Harmony network was exploited for over $100 million in users cryptocurrencies in what is one of the biggest crypto hacks in recent weeks.

"The Harmony team has identified a theft occurring this morning on the Horizon bridge amounting to approx. $100MM," the network's developers said in a tweet. "We have begun working with national authorities and forensic specialists to identify the culprit and retrieve the stolen funds."

The Federal Bureau of Investigation (FBI), the domestic intelligence and legal enforcement agency of the U.S., and cybersecurity firms have joined the search for the attacker, Harmony said in a subsequent tweet.

The attack adds to this year's litany of exploits targeting bridges, which allow users to move tokens between blockchains, taking the total lost to more than $1 billion in 2022 alone. Among the biggest, in February, Wormhole bridge suffered a $326 million hack, and in April Ronin was exploited for $625 million.

The Horizon bridge allowed users to exchange assets, such as tokens, stablecoins and non-fungible tokens (NFTs), between the Ethereum, Binance Smart Chain (BSC) and Harmony blockchains.

lol

No worries, if the shytcoins can't be recovered, Harmony will compensate users by giving them some of Harmony's own "ONE" tokens which users can then sell to some greater sucker, assuming they can find one.

snicker

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Diarrhetrius Brown
#2 2022-06-24 18:26:10

Re: LOL, another massive ($100 million) shytcoin ripoff

Just how stupid did someone have to be to get involved with BitCoin bullshyt?

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