2 years ago
Harmony web connected June 24 revealed a hacker had exploited its skyline span and made distant with $100 million. The Layer-1 blockchain, however, announced connected June 26 that it is offering a $1 cardinal bounty for its recovery.
We perpetrate to a $1M bounty for the instrumentality of Horizon span funds and sharing exploit information.
Contact america astatine [email protected] oregon ETH code 0xd6ddd996b2d5b7db22306654fd548ba2a58693ac.
Harmony volition advocator for nary transgression charges erstwhile funds are returned.
— Harmony 
(@harmonyprotocol) June 26, 2022
This announcement follows a akin signifier adopted by crypto institutions that endure exploits to effort a betterment of stolen funds.
Harmony earlier stated that it had “begun moving with nationalist authorities and forensic specialists to place the culprit and retrieve the stolen funds.”
The announcement of the bounty is possibly a further effort to promote the hacker to instrumentality the proceeds of the exploit. However, Harmony stated that it “will advocator for nary transgression charges erstwhile funds are returned.”
Is betterment possible?
The Horizon span onslaught adds to a increasing database of cross-chain bridges successful 2022 and is 1 of the biggest yet. However, the all-important question remains whether Harmony could retrieve the stolen funds.
Earlier successful June, Optimism Foundation was capable to recover funds stolen successful a hack that led to the nonaccomplishment of 20 cardinal Optimism (OP) tokens. The Foundation revealed the hacker to beryllium a whitehat, an ethical information hacker. Additionally, the hacker kept 2 cardinal tokens arsenic a bounty.
Likewise, Poly Network suffered a $610 cardinal exploit successful August 2021 and it announced a $500,000 bounty for its recovery. As was successful Optimism’s case, the hacker returned the stolen and adjacent scored a job offer from Poly Network.
On the different hand, cross-chain bridges, Wormhole and Ronin, were not capable to retrieve the proceeds of exploits connected their bridges.
Meanwhile, Harmony’s autochthonal ONE token slumped connected the quality of the hack but has somewhat recovered. According to CoinMarketCap, the token is present trading astatine $0.024, a 0.30% summation successful the past 24 hours.
The station Harmony announces a $1 cardinal bounty for Horizon span stolen funds recovery appeared archetypal connected CryptoSlate.
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