HomeCrypto NewsAltcoinFBI investigating Horizon's $100 million hack

FBI investigating Horizon's $100 million hack

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The Federal Bureau of Investigation (FBI) and numerous cybersecurity firms have begun investigating the US$100 million hack of Harmony Protocol's Horizon cross-chain bridge.

Harmony Protocol announced that they were attacked this morning, in addition alerted exchanges to the suspect's blockchain wallet address and halted the Horizon Bridge. 

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The Horizon Bridge allows users to transfer cryptocurrencies from Harmony's layer 1 blockchain to Ethereum, BNB Chain, and Bitcoin.

Harmony Protocol says the exploit does not affect the Bitcoin bridge, where assets are stored in decentralized vaults.

PeckShield CEO. Xuxian Jiang, said that the hack may have taken place due to a compromised private key. 

The Harmony hack follows a string of attacks against blockchain bridges like Wormhole and Ronin Bridge.


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