2 years ago
Summary:
- Harmony Protocol has offered a $1 cardinal bounty for the instrumentality of the stolen funds from the hack of its Horizon span and for accusation connected however it happened.
- Harmony Protocols’ laminitis has truthful acold identified compromised backstage keys arsenic the astir apt basal origin of the exploit.
The squad astatine Harmony Protocol has offered a $1 cardinal bounty for the instrumentality of the $100 cardinal successful crypto stolen from the hack of its Horizon bridge.
The squad astatine Harmony is besides offering the aforesaid $1 cardinal bounty for accusation connected however the exploit happened. They besides pointed retired that ‘no transgression charges’ volition beryllium pursued erstwhile the funds are returned, arsenic seen successful the pursuing tweet by the team.
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
Crypto Community Suggests $1M is excessively Low of an Incentive.
However, the $1 cardinal bounty for the instrumentality of $100 cardinal successful stolen funds has been considered a driblet successful the water by the crypto Twitter community, who judge the connection should beryllium overmuch higher. Below are a fewer samples of the crypto-twitter community’s effect to the $1 cardinal bounty.
Didnt they instrumentality astir 100 cardinal ? What the hellhole is 1 cardinal gonna bash ? – by @pleasesendmebtc.
I uncertainty 1m volition suffice the hacker, mightiness request to up for and anticipation they answers and sadly large partial of my funds are successful Aave Harmony, ohio good – by @0xTusuki.
Really? Only 1M retired of 100M? I consciousness similar you gotta connection astatine slightest 8M to beryllium taken seriously…- by @0xButthole
Harmony Protocol Founder Identifies Compromised Private Keys arsenic the Probably Cause of the Hack.
In different Twitter thread, Harmony Protocol’s laminitis and CEO, Stephen Tse, explained that the squad had truthful acold not recovered immoderate grounds that the $100 cardinal exploit was caused by a malicious astute contract.
However, they had identified immoderate grounds that compromised backstage keys caused it. He explained:
Incident effect has recovered nary grounds of astute declaration codification breach. No grounds of immoderate vulnerability connected the Horizon level was found. Our statement furniture of the Harmony blockchain remains secure.
The squad has recovered grounds that backstage keys were compromised, starring to the breach of our Horizon bridge. Funds were stolen from the Ethereum broadside of the bridge.
He besides added that the backstage keys were encrypted and stored by Harmony utilizing a passphrase and a cardinal absorption system. But somehow, the attacker was capable to entree and decrypt respective of these backstage keys, which were past utilized to motion unauthorized transactions, stealing BUSD, USDC, Ethereum, and WBTC from the Horizon bridge.
Mr. Tse besides rapidly pointed retired that investigations into the incidental are inactive ongoing.
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