The estimated value of the stolen crypto at the time of the attack was approximately $100 million.
Harmony added that it had stopped the Horizon bridge to prevent further transactions.
1/ The Harmony team has identified a theft occurring this morning on the Horizon bridge amounting to approx.
We have begun working with national authorities and forensic specialists to identify the culprit and retrieve the stolen funds.
Harmony believes that focusing on decentralized bridges is an essential step forward for Web3.
Its investigation team comprises engineers located around the world including the U.S., Greece, India, and Cambodia.
More than $1 billion has been stolen from cryptocurrency bridges in the year 2022 alone.
source: www.techworm.net
