Harmony – Ƀitsell X

North Korean Hackers Launder Staggering $27 Million in Ethereum from Recent Harmony Bridge Attack: Here’s What You Need to Know

January 30, 2023

In the aftermath of last year’s attack against the cross-chain bridge provider Harmony, North Korean hackers, who are widely blamed for the incident, are believed to have just finished laundering some ETH 17,278, worth more than $27 million, according to industry observers. … Read More: North Korean Hackers Launder Staggering $27 Million in Ethereum from Recent…
Read more

Crypto tracker picks up trail of funds heisted from Harmony Bridge in June

January 24, 2023

The crypto detectives traced funds stolen by North Korean Lazarus Group through two mixers and various networks to identify 350 addresses where the funds remain today. Crypto tracking platform MistTrack has followed funds taken in the Harmony bridge hack, publishing a list of 350 addresses associated with the attack. North Korea’s state-sponsored Lazarus Group is thought to be…
Read more

Smart Contract Tokens, Defi Economy See Strong Growth, Market Capitalization Swells by $78 Billion in 30 Days

January 18, 2023

Smart contract tokens and the decentralized finance economy have been on a tear during the last month, gaining against the U.S. dollar. The market capitalization of the smart contract platform token economy has swelled by $78 billion over the last 30 days, increasing from $243 billion to the current $321 billion. Furthermore, the total value…
Read more

Lazarus Group’s Stolen 41,000 ETH from Harmony Bridge Hack is on The Move

January 17, 2023

A whopping 41,000 ETH stolen by the North Korean hackers Lazarus Group are currently being deposited on crypto exchanges. According to an analysis of the token movements shared online, the ETH was sent through the anonymity system Railgun before being consolidated in wallets and sent to three major crypto exchanges, possibly to be exchanged for…
Read more

Cross-chain Bridging is Broken – But We Know How to Fix It

September 25, 2022

Kadan Stadelmann is the Chief Technology Officer (CTO) of Komodo (KMD), a decentralized, open-source blockchain and a major player in blockchain interoperability and atomic swap technology.__________ As of August 2022, there’s been $2 billion total in crypto losses, with 69% of stolen crypto funds originating from hacking protocols that bridge different blockchains…. Read More: Cross-chain…
Read more

Harmony Proposes Minting Billions of ONE Tokens to Reimburse Hack-Affected Users

July 27, 2022

Layer-1 blockchain Harmony has proposed to mint billions of its ONE tokens in order to reimburse the victims of the Horizon bridge hack that saw around USD 100m of user funds stolen. The Harmony blockchain would have to hard fork and increase the supply of ONE to mint new tokens. The team said reimbursement would…
Read more

Backlash as Harmony proposes minting 4.97B tokens to reimburse victims

July 27, 2022

Under the proposal, there would be either a 100% reimbursement via 4.97 billion new ONE tokens, or a 50% reimbursement with 2.48 billion ONE tokens. The team behind the Harmony blockchain project has proposed the minting of up to 4.97 billion worth of its native token ONE to compensate victims of the $100 million Horizon…
Read more

Three Arrows Reprimanded by Singapore, Crypto AUMs at Record Low, N Korean Hackers + More News

June 30, 2022

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Three Arrows Reprimanded by Singapore, Crypto AUMs at Record Low, N Korean Hackers + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card

Harmony hacker sends stolen funds to Tornado Cash mixer

June 28, 2022

The exploiter seems to have rejected the Harmony team’s bounty offer of $1 million to return the $100 million stolen from the Horizon Bridge token bridge. The funds from Harmony’s Horizon Bridge have begun to move into the Tornado Cash Ethererum mixer, signaling that the attacker has no intention of accepting the $1 million bounty…
Read more

ONE Keeps Trending Lower while Harmony Offers Hacker USD 1M in Bounty for Return of Funds

June 27, 2022

The team behind the layer-1 blockchain Harmony (ONE) has offered the Horizon Bridge hacker USD 1m in bounty for the return of some USD 100m in stolen funds. “We commit to a [USD] 1M bounty for the return of Horizon bridge funds and sharing exploit information,” Harmony said in a Twitter post on Sunday,…
Read more

Category: Harmony