Harmony has become the latest victim of cross-chain bridge hacks
Hackers attacked layer 1 blockchain Harmony’s Horizon bridge earlier today, causing around a $100 million loss in cryptocurrency. The whole story of the incident is still awaiting further disclosure.
- The Harmony team revealed on Twitter that a crypto theft was identified on the Horizon bridge, resulting in a loss of approximately $100 million.
- The team has suspended Horizon bridge to prevent further transactions.
- The team will disclose it to the community once it completes the investigation.
- Harmony’s ONE token has plunged by over 7.29% over the past 24 hours.
Harmony is a layer 1 blockchain that boasts high throughput, fast speed, and near-zero cost. The blockchain’s killer dapp, DeFi Kingdoms, is one of the most popular GameFi projects in the blockchain gaming sphere.
Unfortunately, this host of many successful GameFi dapps has become the target of hackers today. According to…