Crypto Opinions & News $100 Million Worth of Crypto has been Stolen in Another Major Hack

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https://www.cnbc.com/2022/06/24/hackers-steal-100-million-in-crypto-from-harmonys-horizon-bridge.html

Hackers have stolen $100 million in cryptocurrency from Horizon, a so-called blockchain bridge, in the latest major heist in the world of decentralized finance.

Details of the attack are still slim, but Harmony, the developers behind Horizon, said they identified the theft Wednesday morning. Harmony singled out an individual account it believes to be the culprit. “We have begun working with national authorities and forensic specialists to identify the culprit and retrieve the stolen funds,” the start-up said in a tweet late Wednesday. In a follow-up tweet, Harmony said it’s working with the Federal Bureau of Investigation and multiple cybersecurity firms to investigate the attack.

Harmony has not revealed exactly how the funds were stolen. However, one investor had raised concerns about the security of its Horizon bridge as far back as April. The security of the Horizon bridge hinged on a “multisig” wallet that required only two signatures to initiate transactions. Some researchers speculate the breach was the result of a “private key compromise,” where hackers obtained the password, or passwords, required to gain access to a crypto wallet. Harmony was not immediately available for comment when contacted by CNBC.

It follows a series of notable attacks on other blockchain bridges. The Ronin Network, which supports crypto game Axie Infinity, lost more than $600 million in a security breach that took place in March. Wormhole, another popular bridge, lost over $320 million in a separate hack a month earlier.

$100 million worth of crypto has been stolen in another major hack

Hackers have stolen $100 million in cryptocurrency from Horizon, a so-called blockchain bridge developed by crypto start-up Harmony.

www.cnbc.com

 

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FBI Says North Korean Hackers Behind $100 Million Horizon Bridge Crypto Theft​

The U.S. Federal Bureau of Investigation (FBI) on Monday confirmed that North Korean threat actors were responsible for the theft of $100 million in cryptocurrency assets from Harmony Horizon Bridge in June 2022.The law enforcement agency attributed the hack to the Lazarus Group and APT38, the latter of which is a North Korean state-sponsored threat group that specializes in financial cyber operations. The FBI further stated the Harmony intrusion leveraged an attack campaign dubbed TraderTraitor that was disclosed by the U.S. Cybersecurity and Infrastructure Security Agency (CISA) in April 2022.The modus operandi entailed employing social engineering tricks to deceive employees of cryptocurrency companies into downloading rogue applications as part of a seemingly benign recruitment effort.

FBI Says North Korean Hackers Behind $100 Million Horizon Bridge Crypto Theft

FBI confirms North Korean state-sponsored hacking group, Lazarus Group and APT38, are responsible for stealing $100 million in crypto assets.

thehackernews.com