US crypto firm Harmony hit by US$100 million heist

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LONDON, June 25 — US crypto firm Harmony said yesterday that thieves stole around US$100 million (RM440.2 million) worth of digital coins from one of its key products, the latest...

LONDON, June 25 — US crypto firm Harmony said yesterday that thieves stole around US$100 million worth of digital coins from one of its key products, the latest in a string of cyber heists on a sector long targeted by hackers.

The California-based company said the heist hit its Horizon “bridge”, a tool for transferring crypto between different blockchains — the underlying software used by digital tokens such as bitcoin and ether. In a statement, Harmony added that it had a global team “working around the clock to address the issue”.

 

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