Harmony Plunges As Horizon Ethereum Bridge Falls To Hacker Attack: What Cryptos Were Stolen?

Zinger Key Points
  • Harmony's Twitter Inc. account announced it detected a theft on the Horizen bridge totaling about $100 million.
  • The primary address siphoned tokens from six cryptocurrencies.

The Horizon bridge enabling the transfer of crypto assets between the Harmony ONE/USD and Ethereum ETH/USD blockchains has been hacked and $100 million worth of assets were stolen.

What Happened: Harmony's official Twitter Inc. TWTR account announced on Friday it has detected a theft on the Horizen bridge this morning totaling about $100 million. The team wrote: "We have begun working with national authorities and forensic specialists to identify the culprit and retrieve the stolen funds."

See Also: How To Earn Free Crypto

Currently, the Horizon bridge's activity has been stopped to prevent further value extraction by malicious actors as the team continues to investigate.

On-chain data shows the primary address siphoned out 84,620,000 AAG Ventures AAG/USD tokens for a current value of more than $1 million after a 20% fall; 110,000 Frax Share (FXS) worth more than $572,000; 415,000 SushiSwap SUSHI/USD worth more than $522,000; 990 Aave AAVE/USD worth more than $67,000, 43 Wrapped Ethereum (WETH) worth more than $50,000, and a separate transaction for 5,620,000 Frax FRAX/USD worth more than $29 million. 

A secondary address got its hands on 44,619,999 AAG worth more than $572,000 and a tertiary address stole 5.530 million of Binance USD BNB/USD and 43 WETH worth about $52,000.

Harmony's estimate of $100 million worth of assets implies that there are also more addresses involved in the hack.

ONE Price Action: As of press time Friday morning, Harmony's token is trading at $0.02554 after seeing its price fall by 2.69% over the last 24 hours.

Photo: everything possible via Shutterstock

Posted In: BlockchainhackhackerstheftCryptocurrencyNewsTop StoriesMarkets

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.