His sleuthing talents have since been recognized by Brendan Eich, the CEO and co-founder of Brave. He predicted that this could be used to execute a very simple attack by getting 2 of the owners to sign off on transfers worth up to $330million. In a series of tweets, Ape Dev called attention to the fact that the security of the Harmony Bridge was built around a multi-sig wallet with only four owners. We will keep everyone up-to-date as we investigate this further and obtain more information.” Prior Warning Issued By Independent ResearchersĬuriously, a warning was issued by an independent researcher and blockchain dev Ape Dev back on the 2nd of April. The team is all hands on deck as investigations continue. “We have also notified exchanges and stopped the Horizon bridge to prevent further transactions. Another recent vulnerability, the Demonic exploit, which affected multiple crypto wallets, was patched before any damage could be done.Įxchanges have reportedly been notified, as well as “national authorities and forensic specialists.” Unfortunately for Harmony, the former may not be of much help in the event the identity of the hacker is discovered, depending on the jurisdiction that the hacker may be located in. The hack is the latest in a series of exploits affecting the crypto space, such as the Axie Infinity drain, Solana Wormhole, or, more recently, the (misplaced) Optimism fiasco. The last one took place after the bridge had been shut down. The attack appears to have taken place over the span of 17 hours, starting with a transaction worth a whopping 4,919 ETH, followed by several smaller transactions ranging from 911 to 0.0003 ETH. Harmony devs have also clarified that the BTC bridge is unaffected. The bridge has since been shut down to prevent further losses. We have begun working with national authorities and forensic specialists to identify the culprit and retrieve the stolen funds. The Latest in a Series of Vulnerabilitiesġ/ The Harmony team has identified a theft occurring this morning on the Horizon bridge amounting to approx. The exploit was announced on Twitter by the Harmony team, who stated that they are hunting for the culprit. Horizon Credit Union charges no fee, but messaging and data rates from your mobile provider may apply.On the 24th of June, the Horizon bridge connecting Harmony – a Layer-1 PoS blockchain built for native token ONE – to the Ethereum and Binance Chain ecosystem was hacked, leading to a loss of approximately $100 million in ETH. In addition, your password and account information are never stored on the mobile device. All communication between your mobile device and the mobile banking server is encrypted. When logging in you are required to authenticate yourself on each individual mobile device using the same information from Home Banking. Horizon’s Mobile Banking App is both convenient and safe to use. No separate or different registration is required. Use the same user ID, password, and security questions that you use for Horizon’s Home Banking. Logging in to the Mobile Banking App is easy. With the Mobile Banking App you’ll be able to: Access your account information anywhere, anytime with Horizon’s free Mobile Banking App for the iPhone, iPod Touch, and iPad.
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