Cybercriminals Steal $100 Million in Cryptocurrency
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Cybercriminals made off with $100 million in after hacking Horizon, a so-called bridge, the company says.
Harmony, the blockchain startup behind Horizon, that that it had discovered the theft and was working with forensic specialists and law enforcement in hopes of tracking down those responsible.
Blockchain bridges allow users to transfer between blockchains. Harmony said that its separate bridge used for bitcoin wasn't affected by the hack and that its funds and assets are safe.
"The team is all hands on deck as investigations continue," . "We will keep everyone up-to-date as we investigate this further and obtain more information."
The hack and cryptotrading ransacking of Horizon wasn't the first this year. In March, worth of cryptocurrency from a network used to process in-game transactions for , one of the world's most popular .
Meanwhile, the values of bitcoin and other cryptocurrencies have as coin holders sold their holdings due to the . The decline in value has affected crypto exchanges, with .
Read more
Cybercriminals made off with $100 million in after hacking Horizon, a so-called bridge, the company says.
Harmony, the blockchain startup behind Horizon, that that it had discovered the theft and was working with forensic specialists and law enforcement in hopes of tracking down those responsible.
Blockchain bridges allow users to transfer between blockchains. Harmony said that its separate bridge used for bitcoin wasn't affected by the hack and that its funds and assets are safe.
"The team is all hands on deck as investigations continue," . "We will keep everyone up-to-date as we investigate this further and obtain more information."
The hack and cryptotrading ransacking of Horizon wasn't the first this year. In March, worth of cryptocurrency from a network used to process in-game transactions for , one of the world's most popular .
Meanwhile, the values of bitcoin and other cryptocurrencies have as coin holders sold their holdings due to the . The decline in value has affected crypto exchanges, with .
Read more
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