April 29, 2024

PeckShield: Hackers launder millions stolen from Horizon Harmony Protocol

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PeckShield: Hackers launder millions stolen from Horizon Harmony Protocol

Cybersecurity agency PeckShield said on Twitter that assets stolen last week from the Horizon Harmony Bridge had been set in motion.

Security experts say the hackers who stole $100 million in cryptocurrency sent three transactions from the address used in the hack for a total of about 30,000 ETH (about $36 million).The recipient was the mixing service Tornado Cash, with $64 million worth of assets still in the hacker's wallet.

Recall that on Thursday, during the hack of the bridge of the first layer of the Harmony's Horizon blockchain, unknown persons stole $100 million in Wrapped Ethereum (WETH), AAVE, SUSHI, DAI, Tether (USDT) and USD Coin (USDC), and then exchanged them for ethers.On Friday, experts began to claim that the cyberattack was made possible by an exploit of the Harmony protocol.

Harmony refuted the experts' opinion and in turn stated that it "found no evidence of any violations of our smart contract codes or vulnerabilities on the Horizon platform."On Saturday, Harmony Protocol offered a $1 million return rewardstolen money, warning that otherwise the company would turn to law enforcement agencies.

After the hack, Harmony assured its users that its bridge was not affected by the theftBTC, and that the company is working with national authorities and forensic experts to identify the culprit and recover users' money.In addition, Harmony has strengthened measures to protect projects from cyberattacks.Judging by the movement and laundering of assets, the hackers were not afraid of criminal prosecution by Harmony.