US crypto firm Harmony hit by US$100m heist

25/6/2022 11:33:00 AM

US crypto firm Harmony hit by US$100m heist

Cryptocurrencies, Cryptocurrency Trading

US crypto firm Harmony hit by US$100m heist

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...

Saturday, 25 Jun 2022 9:32 AM MYTLONDON, 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 in a string of cyber heists on a sector long targeted by hackers.

Harmony develops blockchains for so-called decentralised finance — peer-to-peer sites that offer loans and other services without the traditional gatekeepers such as banks — and non-fungible tokens.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.

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Saturday, 25 Jun 2022 9:32 AM MYT 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 in a string of cyber heists on a sector long targeted by hackers.2 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. Harmony develops blockchains for so-called decentralised finance — peer-to-peer sites that offer loans and other services without the traditional gatekeepers such as banks — and non-fungible tokens. US inflation has surged to a 40-year high, picking up speed in recent months as the fallout from Russia’s invasion of Ukraine has sent fuel and food prices soaring, with gas at more than US$5 a gallon for the first time — putting strain on American families. 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. 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. Thefts have long plagued companies in the crypto sector, with blockchain bridges increasingly targeted.” Similarly, the American Petroleum Institute and American Fuel & Petrochemical Manufacturers called the meeting a “constructive discussion about ways to address rising energy costs and create more certainty for global energy markets.

Over US$1 billion has been stolen from bridges so far in 2022, according to London-based blockchain analytics firm Elliptic. Over US$1 billion has been stolen from bridges so far in 2022, according to London-based blockchain analytics firm Elliptic.3 trillion) American Rescue Plan approved last year for the blistering price increases. Harmony tweeted that it was “working with national authorities and forensic specialists to identify the culprit and retrieve the stolen funds”, without giving further details. In a statement, Harmony added that it had a global team “working around the clock to address the issue”. In a statement, Harmony added that it had a global team “working around the clock to address the issue”. “We are currently narrowing down the potential attack vectors while working to identify the culprit,” a spokesperson said, adding that Harmony had already tried to contact the hacker via a transaction to their crypto wallet address.” “Isn’t it just a massive storm of everything, is what contributes to inflation and causes it all over the world?” Meeks asked. Elliptic, which tracks publicly visible blockchain data, said the hackers stole a number of different cryptocurrencies from Harmony, including ether, Tether, and USD Coin, which they later swapped for ether using so-called decentralised exchanges. Elliptic, which tracks publicly visible blockchain data, said the hackers stole a number of different cryptocurrencies from Harmony, including ether, Tether, and USD Coin, which they later swapped for ether using so-called decentralised exchanges. “There’s going to be other steps to get there.

In March, hackers stole around US$615 million worth of cryptocurrency from Ronin Bridge, used to transfer crypto in and out of the game Axie Infinity. The United States linked North Korean hackers to the theft. The United States linked North Korean hackers to the theft. And, some of those factors are “out of our control — for example, the price of oil and most of the price of food. — Reuters Advertisement .