Horizon Bridge

Exploit

Estimated loss

$100.00M

VERDICT —UNRATED

Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.

▰ METHOD

Undisclosed

Root cause

Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.

Forensic narrative

The Horizon Bridge to the Harmony layer-1 blockchain has been exploited for $100 million in altcoins which are being swapped for Ether (ETH). The hack may vindicate previously raised community concerns about the robustness of the two of four multisig that reportedly secures the bridge. Reported loss: $100,000,000.

Primary source

https://cointelegraph.com/news/breaking-harmony-one-s-horizon-bridge-hacked-for-100m ↗

Sourced from

chainsec

Technical record