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Harmony Protocol will pay a reward of $ 1 million to a hacker who will return stolen assets worth $ 100 million
As you know, this amount in the form of Wrapped Ethereum (WETH), AAVE, SUSHI, DAI, Tether (USDT) and USD Coin (USDC) was stolen from horizon Bridge, connecting the first-tier Harmony platform with other networks, including Ethereum, Binance Chain and Bitcoin. Following the incident, an investigation was launched with the involvement of national law enforcement agencies.
Hackers will also be rewarded if they divulge details about the attack methodology. In addition, if the stolen funds are returned, no criminal case will be initiated against the hackers.
According to harmony’s CEO and founder, no evidence was found to exploit the smart contact vulnerability in the course of this attack. In addition, new information indicates the hacking of private keys. He claims that Harmony’s private keys were encrypted and stored using a password and key management system. After decoding some of these private keys, a hacker can sign illegal transactions.
After the vulnerability became known, the ONE rate fell by 12% and this despite the fact that the BTC rate rose above $ 21,000.
In 2022 alone, more than $1 billion was lost due to attacks on bridges that give users the ability to transfer assets between blockchains. Wormhole Bridge lost $326 million in the February hack, and Ronin lost $625 million in the April attack.
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