Cybercriminals made off with $100 million in cryptocurrency after hacking Horizon, a so-called blockchain bridge, the corporate stated.
Concord, the blockchain startup behind Horizon, tweeted late Thursday that that it had found the theft and was working with forensic specialists and regulation enforcement in hopes of monitoring down these accountable.
Blockchain bridges permit customers to switch cryptocurrencies between blockchains. Concord stated that its separate bridge used for Bitcoin wasn’t affected by the hack and that its funds and property are protected.
“The group is all fingers on deck as investigations proceed,” Harmony tweeted. “We’ll preserve everybody up-to-date as we examine this additional and acquire extra data.”
