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.

Is the Layer-1 blockchain affecting the BTC bridge?

The layer-1 blockchain’s main bridge between Ethereum, Binance Chain and Bitcoin has been exploited for nine figures but says its BTC bridge has not been affected. The Horizon Bridge to the Harmony layer-1 blockchain has been exploited for $100 million in altcoins which are being swapped for Ether ( ETH ).

What is harmony blockchain & how does it work?

The blockchain offers bridging services between BNB Smart Chain (BNB), Ethereum (ETH), Bitcoin (BTC), and other networks. Harmony completed its 2019 IEO via Binance Launchpad. Harmony's main vision for scaling Web3 relies on zero-knowledge proofs and Decentralized Autonomous Organizations (DAOs).

What is harmony one token?

ONE tokens were released as ERC-20 and BEP-2 tokens, but following the launch of the Harmony mainnet, these tokens were migrated to native ONE tokens on a 1:1 basis. What is Horizon? Horizon is a bridge that can be used to migrate assets between Harmony and Ethereum or Binance Smart Chain.