Hacking is an occasional occurrence in the cryptocurrency market which has been going up recently, with the latest one being Harmony protocol’s Horizon Bridge.
The team put out notices informing users and the community about the hack and promised to take the necessary options as soon as possible. This hack, followed by Axie Infiniti’s Ronin Bridge hack that drained assets worth around $622 million is the fourth such event this year.
Your capital is at risk.
Harmony and the Horizon Bridge
Founded by Stephen Tse in 2018, Harmony is one of the most popular cryptocurrencies that had grown tremendously during the recent bull market. The protocol is an interoperable sharding system that employs a two-way Ethereum bridge.
As a layer-2 solution for Ethereum, the Harmony blockchain is an independent blockchain-powered by Harmony One tokens (ONE). By enabling frictionless cross-chain token swaps, Harmony … Read more