Harmony offered a $1 million reward for recovering $100 million stolen

The Harmony protocol team has offered a $1 million reward for the return of stolen goods from the Horizon cross-chain bridge.crypto assets worth $100 million or information that will lead to hackers.

“Harmony will advocate for no criminal charges when the funds are returned,” the developers said.

Users in the comments drew attention toa small reward - 1% of the value of the stolen funds. A popular crypto trader on Twitter under the pseudonym Degen Spartan called the offer an «insulting amount».

«I think these guys are just doing a performanceto mitigate legal liability: “Hey, look, don't blame us, at least we tried.” It looks like they don't even want to return the money with such a clown offer,” he added.

Useless CEO David Wiley suggested that hackersmay prefer «million pure money». However, in his opinion, the Harmony proposal is a «starting point» in negotiations, and he sees the settlement amount in the range of $3-$6 million.

One commenter recalled that the industry standard for such return conditions is 10% of the amount.

In May, an unknown person withdrew approximately $80 million worth of assets from the Rari Capital protocol. The team offered $10 million for the return of funds.

In April, the Beanstalk Farms DeFi protocol lost inAs a result of the hack, $181 million. Assets worth about $76 million became the booty of the hacker. The developers agreed that he would return 90% of the funds, leaving 10% as a legal reward.

Harmony CEO Steven Tse clarified in a thread that the compromise of the private keys to the multisig wallet, and not the presence of any Horizon vulnerability, led to the hack.

«The team found evidence that private keys were compromised, leading to the Horizon hack. The funds were stolen from the Ethereum bridge,” he said.

Recall, according to Immunefi estimates, in the first quarter of 2022 alone, crypto projects lost more than $1.22 billion as a result of the actions of hackers and scammers.

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