Did harmony get a'malicious attack' on Horizon blockchain bridge?

Harmony, the U.S. crypto startup behind Horizon, said on Friday that it was notified of a “malicious attack” on its proprietary Horizon blockchain bridge on Thursday. Blockchain bridges, also known as cross-chain bridges, facilitate communication between different blockchains and allow users to send assets from one chain to the other.

Does horizon support Ethereum bridging?

Horizon supports issuing of both permissioned and permissionless tokens for Ethereum bridging. BUSD and LINK are issued as permissioned tokens, where partners like Binance, ChainLink can work with Harmony to deploy their audited smart contracts such that bridge can issue full-feature smart contract tokens for the corresponding Ethereum tokens.

Did harmony steal $100 million from a blockchain bridge?

Harmony said the culprit of the attack — which the company singled out in a tweet — stole close to $100 million in cryptocurrency from its blockchain bridge. According to blockchain analysis company Elliptic, a variety of crypto assets were taken, including Ethereum, Binance Coin, Tether, USD Coin and Dai.

What is the horizon bridge to Harmony layer 1 hack?

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.