Harmony’s Horizon Bridge Hacked for $100M

Join the Trading Community : Learn & Earn with BingX.

Today’s Cryptocurrency Headline

Harmony’s official Twitter post said today that it found that Horizon, the cross-chain bridge between Ethereum and Harmony, was attacked, and the loss amounted to about 100 million US dollars. Harmony said it is currently working with relevant authorities and experts to track down the attackers and retrieved the stolen funds. In addition, Harmony said the trustless Bitcoin cross-chain bridge was not affected, and they have also notified exchanges and stopped the Horizon bridge to prevent further transactions. The attacker’s address is: 0x0d043128146654C7683Fbf30ac98D7B2285DeD00.

BingX’s Bitcoin Chart

Source: TradingView & BingX

According to Bloomberg, the Canadian bitcoin fund Purpose Bitcoin ETF saw a $500 million one-day outflow last Friday, the largest one-day outflow in history. Bitcoin is up 3.56% over the last 24 hours and rose to an intra-day high of 21,353.65. Over the last few days, the market traded between $19,500 and $21,000, suggesting the bulls are attempting to accumulate momentum to start a recovery. If buyers drive the price above the $22,000, the BTC/USDT pair could rally to $24,000. Conversely, If the price drops below $20,000, the BTC/USDT pair could find support around $17,500.

 

Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.