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Harmony Protocol Is Offering A $1,000,000 Reward For The Return Of Stolen Money

June 26, 2022
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Earlier today, the proof-of-stake (PoS) blockchain Harmony Protocol tweeted an offer of a $1 million reward for information regarding the Thursday hack of its Ethereum-linked Horizon bridge, which resulted in the loss of $100 million in cryptocurrency.

Harmony Protocol Is Offering A $1,000,000 Reward For The Return Of Stolen Money
Harmony Protocol Is Offering A $1,000,000 Reward For The Return Of Stolen Money

We commit to a $1M bounty for the return of Horizon bridge funds and sharing exploit information.

Contact us at [email protected] or ETH address 0xd6ddd996b2d5b7db22306654fd548ba2a58693ac.

Harmony will advocate for no criminal charges when funds are returned.

— Harmony 💙 (@harmonyprotocol) June 26, 2022

If the money was returned, the business stated, it would “argue for no criminal prosecution.”

Harmony Protocol’s founder and CEO, Stephen Tse, also tweeted:

Harmony Protocol Is Offering A $1,000,000 Reward For The Return Of Stolen Money
Harmony Protocol Is Offering A $1,000,000 Reward For The Return Of Stolen Money

2/ Incident response has found no evidence of smart contract code breach. No evidence of any vulnerability on the Horizon platform was found. Our consensus layer of the Harmony blockchain remains secure.

— stephen tse 💙 s.one 🌉 stse.eth (@stse) June 26, 2022

Security professionals on Friday provided some insights into the intrusion while the Harmony team is still conducting their probe. Using two likely compromised private addresses, the attacker took control of a multi-signature wallet used to deploy Harmony’s bridge, claims Polygon’s chief information security officer Mudit Gupta, and drained the cash.

Today, Tse said that his “team has found evidence that private keys were compromised, leading to the breach of our Horizon bridge.”

3/ The team has found evidence that private keys were compromised, leading to the breach of our Horizon bridge. Funds were stolen from the Ethereum side of the bridge.

— stephen tse 💙 s.one 🌉 stse.eth (@stse) June 26, 2022

He added that while the investigation was ongoing, Harmony would “continue taking steps to further harden our operations and infrastructure security.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Annie

CoinCu News

Harmony Hacker Sends Stolen Money To Tornado Cash

Harmony’s Horizon Bridge Was Hacked 181 Million USD

Tags: BlockchainEthereum-linkedHarmonyharmony protocolHarmony Protocol’s founder and CEOHorizon BridgePoSProof-of-StakeStephen Tsestolen money
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