Strangers stole $ 100 million worth of cryptocurrencies

The American crypto company, Harmony, announced that strangers stole digital coins worth about 100 million dollars from one of its basic products, in the latest in a series of robberies in an industry that has long been targeted by hackers.

Harmony develops blockchains for so-called decentralized financing – peer to peer websites offering loans and other services without the traditional custodians such as banks – and non-exchangeable items.

The American company stressed that the robbery hit Horizon bridge, a tool for transferring crypto between different blockchains – the underlying software used by digital tokens such as bitcoin and ether.

Thefts plague crypto companies, with blockchain bridges increasingly in the spotlight.

About $ 1 billion has been stolen from bridges so far in 2022, according to blockchain analytics company Elliptic.

Harmony tweeted that it was “working with national authorities and experts to locate the culprit and recover the stolen funds”, without giving further details.

Source: Capital

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